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Trade Idea Update: USD/CHF - Buy at 0.9540

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 18, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has fallen again after meeting renewed selling interest at 0.9659 and near term downside risk remains for the fall from 0.9845 to extend weakness to 0.9550-55 (61.8% projection of 0.9759-0.9589 measuring from 0.9659), loss of momentum should prevent sharp fall below 0.9530 (100% projection of 0.9951-0.9636 measuring[​IMG]

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