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LONG: USD/CHF remains stuck in tight range near 0.9800

For the second straight day on Thursday, the USD/CHF pair fluctuates in a tight range near 0.9800 and struggles to set its next short-term direction.

The lack of significant macroeconomic data releases and fresh developments surrounding the US-China trade conflict causes the market action to remain subdued. Additionally, the market sentiment fails to provide any direction clues with the 10-year US Treasury bond yield adding more than 1% on Thursday while major European equity indexes suffer modest losses.

 

Signal Specification
Pair:USD/CHF
Entry Type:BUY
Entry: 0.97852
Tp: 0.99798
Sl:0.97016
R/R:2.33
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19 Dec 2019 8:11 pm Posted by tamilforex

 
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