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Trade Idea Update: USD/CHF - Buy at 0.9800 or sell at 0.9945

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 25, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback has rebounded after yesterday's selloff to 0.9853, suggesting consolidation would be seen and initial bounce to 0.9925-30 (50% Fibonacci retracement of 1.0005-0.9853) is likely, however, resistance at 0.9953 should cap upside and bring another decline, below said support at 0.9853 would extend the fall from 1.0005 top[​IMG]

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