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Trade Idea Update: USD/CHF - Hold long entered at 0.9800

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 12, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has retreated again after faltering below Friday's high at 0.9866 and further consolidation below this level would be seen, reckon 0.9775 (50% Fibonacci retracement of 0.9685-0.9866) would limit downside and bring another rise later, above said resistance at 0.9866 would extend recent rise from 0.9521 to 0.9900[​IMG]

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