Trade Idea Update: USD/CHF - Buy at 0.9790

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 14, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Although the greenback resumed recent decline on Friday and marginal weakness to 0.9790 cannot be ruled out, loss of near term downward momentum should prevent sharp fall below there and reckon 0.9765-70 (61.8% projection of 1.0308-0.9875 measuring from 1.0035) would hold from here, bring rebound later, above resistance at 0.9908[​IMG]

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