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Trade Idea : USD/CHF - Buy at 0.9850

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 27, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's near term sideways trading below this week's high at 0.9941 is likely to continue and pullback to 0.9865-70 cannot be ruled out, however, reckon 0.9844-50 (previous resistance and 38.2% Fibonacci retracement of 0.9702-0.9941) would limit downside and bring another rise later, break of said resistance would extend recent rise[​IMG]

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