Trade Idea Update: USD/CHF - Buy at 0.9850

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 26, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although dollar has rebounded after finding support at at 0.9884, break of yesterday's high at 0.9941 is needed to signal recent rise from 0.9444 low has resumed and extend 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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