Today there's a few things happening:
USA is releasing their Inflation Rate & Core Inflation Rate, with everything that has been going on in the USA(Corona and Protests) we can expect these two rate's to be not so great.
We saw the USD/CHF break the downwards channel the past few days,but we have a major resistance zone which has been tested 3 times the last 4 days.
The RSI also shows the pair can go down
We can expect this pair to go down again and possibly go into the channel again.
It's always best to wait for confirmation to enter the trade to protect your capital
Never risk more than 1-2% of your account's equity
Feel free to leave a like and comment your thoughts of how you think this pair is going to move.
USA is releasing their Inflation Rate & Core Inflation Rate, with everything that has been going on in the USA(Corona and Protests) we can expect these two rate's to be not so great.
We saw the USD/CHF break the downwards channel the past few days,but we have a major resistance zone which has been tested 3 times the last 4 days.
The RSI also shows the pair can go down
We can expect this pair to go down again and possibly go into the channel again.
It's always best to wait for confirmation to enter the trade to protect your capital
Never risk more than 1-2% of your account's equity
Feel free to leave a like and comment your thoughts of how you think this pair is going to move.
Comment:
Regarding the inflation rates,this news can have a high impact on the economy and when the actual/released rate is worse than the forecast/previous rate it can have a negative impact on the USD which can send the pair down.
Trade closed: target reached:
This analysis was a success!!!