Buy on a level breakthrough of 0.9741 with 0.9843 target. Stop loss = 0.9690.
Reason for the trading strategy
The number of initial jobless claims in the US rose by 3 thousand last week compared to the previous week's revised figure of 259 thousand. Market participants expect the index to grow by 10 thousand (up to 265 thousand.). In September, the number of home sales in the secondary US real estate market rose from 5.3 million to 5.55 million in annual terms. The US statistics, which turned out better than expected, supported the pair USD/CHF.
Reason for the trading strategy
The number of initial jobless claims in the US rose by 3 thousand last week compared to the previous week's revised figure of 259 thousand. Market participants expect the index to grow by 10 thousand (up to 265 thousand.). In September, the number of home sales in the secondary US real estate market rose from 5.3 million to 5.55 million in annual terms. The US statistics, which turned out better than expected, supported the pair USD/CHF.
USDCHF: consolidation below the level of 0.9741
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