USDCHF
Feb. 3, 2016, 09:53
Buy on rebound from 1.0120 level with 1.0170 target. Stop loss = 1.0070.
Reason for the trading strategy
Yesterday, Thomas Jordan, the head of the Swiss National Bank, said that the national currency is still significantly overvalued against the euro, so the regulator is ready to intervene (in the currency market), if necessary, to stop the franc strengthening.Purchases of the USDCHF pair are worth considering from the support level of 1.0120.
USDCHF, H1
Feb. 3, 2016, 09:53
Buy on rebound from 1.0120 level with 1.0170 target. Stop loss = 1.0070.
Reason for the trading strategy
Yesterday, Thomas Jordan, the head of the Swiss National Bank, said that the national currency is still significantly overvalued against the euro, so the regulator is ready to intervene (in the currency market), if necessary, to stop the franc strengthening.Purchases of the USDCHF pair are worth considering from the support level of 1.0120.
USDCHF, H1
USDCHF: consolidation above the level of 1.0170
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