☑️USDCHF: ahead of the interest rate decision
➡️ The USDCHF pair continues its decline within the boundaries of the downtrend channel. At the beginning of the week, the instrument marked new lows at ~ 0.90860.
The pair attracted sellers on the first day of the week, giving up most of the gains gained during the recovery from 2-month lows at 0.9100. The US dollar retreated slightly intraday after earlier gains to highs since October 13. This put pressure on the pair, although a number of factors limited its decline.
By all appearances, the traders and investors are convinced that the Fed's policy will become more aggressive in order to limit the growth of inflation. These speculations were backed up by data and RFE US released last Friday. This led to an increase in the yield of Treasuries and the US dollar.
At the moment, a SELL deal with a risk / reward ratio = 1/2 is assumed. However, you MUST BE CAREFUL when opening positions ahead of the US Federal Reserve meeting. The parameters of the deal are, as always, in front of you.
🔔Proposed deal for this tool🔔:
🔴Entry Point - 0.91498
⛔️Stop Loss - 0.91748
✅Take Profit - 0.90997
Thanks for your comments and likes 👍
The pair attracted sellers on the first day of the week, giving up most of the gains gained during the recovery from 2-month lows at 0.9100. The US dollar retreated slightly intraday after earlier gains to highs since October 13. This put pressure on the pair, although a number of factors limited its decline.
By all appearances, the traders and investors are convinced that the Fed's policy will become more aggressive in order to limit the growth of inflation. These speculations were backed up by data and RFE US released last Friday. This led to an increase in the yield of Treasuries and the US dollar.
At the moment, a SELL deal with a risk / reward ratio = 1/2 is assumed. However, you MUST BE CAREFUL when opening positions ahead of the US Federal Reserve meeting. The parameters of the deal are, as always, in front of you.
🔔Proposed deal for this tool🔔:
🔴Entry Point - 0.91498
⛔️Stop Loss - 0.91748
✅Take Profit - 0.90997
Thanks for your comments and likes 👍
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