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Trade Idea Update: USD/CHF - Sell at 0.9820

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 21, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback rebounded again after holding above last week's low at 0.9651, suggesting consolidation above this level would be seen and recovery to previous support at 0.9750 and possibly resistance at 0.9792 cannot be ruled out, however, reckon 0.9820 (38.2% Fibonacci retracement of 1.0093-0.9651) would limit upside and bring another decline later.[​IMG]

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