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Trade Idea Update: USD/CHF - Buy at 0.9530

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback has recovered after falling to 0.8537 (exactly 1.618 times projection of 0.9845-0.9708 measuring from 0.9759), reckon 0.9605-10 would limit upside and near term downside risk remains for marginal weakness to 0.9530 (100% projection of 0.9951-0.9636 measuring from 0.9845), however, loss of momentum would prevent sharp fall below[​IMG]

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