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Trade Idea Update: USD/CHF - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 18, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback has maintained a firm undertone, suggesting the rise from 0.9661 low is still in progress and may extend gain towards previous resistance at 0.9985, however, loss of upward momentum should prevent sharp move beyond psychological resistance at 1.0000 and reckon 1.0009-10 (61.8% Fibonacci retracement of 1.0225-0.9661) would hold[​IMG]

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