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Trade Idea Update: USD/CHF - Hold short entered at 0.9795

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 1, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback rebounded after falling to 0.9728 yesterday and consolidation above this level would be seen, as long as 0.9795-00 holds, mild -downside bias remains for weakness towards 0.9675-80 (50% Fibonacci retracement of the rise from 0.9521-0.9838), break there would bring stronger retracement of the rise from 0.9521[​IMG]

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