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Instrument: USDCHF
Bullish Preference:
A buy position is envisaged if the price trades above 0.87741 with take profit at 0.87874.
Bearish Preference:
A sell position is envisaged if the price trades below 0.87339 with take profit at 0.87193.
Fundamentals:
1:30pm USD Unemployment Claims
3:00pm USD ISM Services PMI
Comment:
Data out on Wednesday showed U.S. private payrolls rose more than expected in July, while plans by the U.S. Treasury to increase the size of government bond auctions in the third quarter pushed longer-dated U.S. Treasury yields higher and boosted the dollar.
Analysis: SCRUM Team
