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Trade Idea Update: USD/CHF - Buy at 0.9750

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 1, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback rose to 0.9885 in European morning, current retreat suggests consolidation below this level would be seen and pullback to 0.9817 support is likely, below there would bring correction to 0.9788 (38.2% Fibonacci retracement of 0.9632-0.9885), then 0.9768 support, however, reckon 0.9750 would contain downside and bring another rise later.[​IMG]

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