The daily forex analysis of December 10, 2020 will discuss the franc currency which is expected to still strengthen against the US dollar. This strengthening is due to the attitude of market participants responding to various positive signals regarding the Covid-19 vaccine and the US stimulus plan, which still has no bright spot for realization. Although the US Dollar has strengthened after its fall some time ago, it has not had a major impact on the movement of the Franchswiss, where the Swiss currency continues to strengthen vs the Greenback. The strengthening of the United States Dollar occurred after President Trump's statement, he stated that he would reduce unemployment benefits in covid-19 assistance. In addition, there has been no meeting point for negotiations regarding the Covid-19 relief fund stimulus plan.
Forex Daily Analysis Predictions
Today's FOREX prediction on the USDCHF pair is expected to continue its strengthening (bearish), and the recommended OP (Open Position) is
SELL at the level of 0.88800. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BEARISH |
| Target Profit 1 |
0,88700 |
| Target Profit 2 |
0,88600 |
| Stop Loss 1 |
0,88850 |
| Stop Loss 2 |
0,88900 |
This the daily analysis of forex December 10, 2020. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of
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