jeudi 10 décembre 2015

USDCHF: consolidation before the Swiss Bank meeting

USDCHF
Dec. 10, 2015, 09:16
Buy on a level breakthrough of 0.9874 with 0.9950 target. Stop loss = 0.9824.

Reason for the trading strategy

The chance of the Swiss Bank to reduce the key interest rate remains low against the background of a gradual recovery of the national economy. As early as in Q1 2016, the inflationary pressures in the country are likely to rise against the background of an expected growth of oil prices from their 7-year lows. An imminent increase in key interest rates in the US could put the USD/CHF pair back into the range of 0.9874-1.0034.


USDCHF, H1


USDCHF: consolidation before the Swiss Bank meeting

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