Buy on a level breakthrough of 1.0095 with 1.0145 target. Stop loss = 1.0045.
Reason for the trading strategy
After the sanctions against Iran were lifted, the demand for the protective assets, including the franc declined slightly. Investors take profits on them. Today the US stock exchanges will be closed on the occasion of the celebration of Martin Luther King Day. In the short term, the USD/CHF pair could gain a foothold above the 1.0095 level.
Reason for the trading strategy
After the sanctions against Iran were lifted, the demand for the protective assets, including the franc declined slightly. Investors take profits on them. Today the US stock exchanges will be closed on the occasion of the celebration of Martin Luther King Day. In the short term, the USD/CHF pair could gain a foothold above the 1.0095 level.
USDCHF: consolidation below the level of 1.0095
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