Trade Idea Update: USD/CHF - Buy at 0.9485

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As the greenback staged a strong rebound after yesterday's brief drop to 0.9444, suggesting consolidation above this level would be seen with mild upside bias for retracement to 0.9599-9605 (50% Fibonacci retracement of 0.9754-0.9444 and previous resistance), however, reckon upside would be limited to 0.9635 (61.8% Fibonacci retracement) and price[​IMG]

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