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Trade Idea Update: USD/CHF - Sell at 0.9820

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 24, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has continued edging higher after rebounding from 0.9651, suggesting near term upside risk remains for this rebound to bring retracement of recent decline to resistance at 0.9792, however, reckon 0.9820 (38.2% Fibonacci retracement of 1.0093-0.9651) would limit upside and bring another decline later. A break of 0.9720-25[​IMG]

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