EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation in the range of 0.9850-1.0037

    Buy on a level breakthrough of 1.0037 with 1.0100 target. Stop loss = 0.9980.

    Reason for the trading strategy

    Expectations of an expansion of the ECB asset purchases program and a decline in investor interest in the defensive assets (franc) support the USDCHF pair. Opening long positions on it can be considered above the upper limit of the range of 0.9850-1.0037.

    USDCHF, Daily


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