Trade Idea Update: USD/CHF - Buy at 0.9570

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 20, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback recovered after falling to 0.9585 yesterday, near term downside risk remains for the fall from last week's high of 0.9689 to bring a stronger retracement of the rise from 0.9499, however, reckon 0.9570-75 (61.8% Fibonacci retracement of 0.9499-0.9689) would limit downside and bring rebound later, above 0.9650-60[​IMG]

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