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Trade Idea Update: USD/CHF - Stand aside

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

  1. Lily

    Lily Forum Member

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    Despite yesterday's retreat from 0.9804 to 0.9751, renewed buying interest emerged there and the greenback has rallied again, suggesting recent rise from 0.9444 is still in progress and may extend gain to 0.9860-65 (61.8% projection of 0.9444-0.9767 measuring from 0.9663), however, near term overbought condition should prevent sharp move beyond[​IMG]

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