EXNESS - Analytics

    EXNESS

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    The Swiss regulator may reduce the deposit rate this week

    Buy on a level breakthrough of 0.9890 with 0.9947 target. Stop loss = 0.9840.

    Reason for the trading strategy

    This week, we cannot rule out the reduction in the key deposit rate in Switzerland as a response to the recent expansion of monetary stimulus measures in the Eurozone. The USDCHF pair breaking through the resistance level of 0.9890 will serve as signal for purchasing it.

    USDCHF, H1


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