Trade Idea Update: USD/CHF - Hold short entered at 0.9765

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 15, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback fell on Friday to 0.9708, lack of follow through selling on break of previous support at 0.9711 and the subsequent rebound suggest consolidation would be seen, however, as long as resistance at 0.9766-67 holds, bearishness remains for the fall from 0.9845 (this week's high) to extend weakness[​IMG]

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