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Trade Idea Update: USD/CHF - Buy at 0.9850

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 24, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has maintained a firm undertone after last week's rally, suggesting the rise from 0.9444 low is still in progress and may extend further gain to 0.9960 but overbought condition should prevent sharp move beyond 0.9985-90 (100% projection of 0.9444-0.9767 measuring from 0.9663) and reckon psychological level at 1.0000 would hold[​IMG]

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