EXNESS - Analytics

    EXNESS

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    USDCHF: growth after Thomas Jordan's statement

    Buy on a level breakthrough of 0.9936 with 1.0002 target. Stop loss = 0.9880.

    Reason for the trading strategy

    Yesterday, the head of the Swiss National Bank Thomas Jordan said that the negative interest rates policy in Switzerland was successful, but it involved a risk and would lose its effectiveness over time. He believes the Swiss franc is overvalued.

     

    USDCHF, H1

     


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