Sell on a level breakthrough of 0.9825 with 0.9765 target. Stop loss = 0.9875.
Reason for the trading strategy
This week a number of macroeconomic indicators in the US was published, which raised doubts about the rapid recovery of the American economy. The Markit business activity index in the US services sector fell from 51.4 p. to 50.9 p in July. In June, the volume of durable goods orders in the US decreased by 4% (m/m), with a forecast of 1.1% (m/m). Today, it is worth paying attention to the publication of the weekly report on the US labor market.
Reason for the trading strategy
This week a number of macroeconomic indicators in the US was published, which raised doubts about the rapid recovery of the American economy. The Markit business activity index in the US services sector fell from 51.4 p. to 50.9 p in July. In June, the volume of durable goods orders in the US decreased by 4% (m/m), with a forecast of 1.1% (m/m). Today, it is worth paying attention to the publication of the weekly report on the US labor market.
Exness - USDCHF: consolidation above the level of 0.9825
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