Trade Idea Update: USD/CHF - Hold short entered at 0.9815

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback has rebounded after holding above Friday's low at 0.9767, as long as last week's high at 0.9840 holds, further consolidation would take place and prospect of another retreat remains, below 0.9760-65 (38.2% Fibonacci retracement of 0.9640-0.9840) would add credence to our view that top has been formed[​IMG]

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