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Trade Idea : USD/CHF - Sell at 0.9790

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As the greenback has fallen again after meeting renewed selling interest at 0.9820 yesterday, suggesting recent major decline from 1.0328 top has resumed and may extend further weakness to 0.9665-70, then towards 0.9650, however, oversold condition should prevent sharp fall below 0.9620-25 and reckon 0.9585-90 (1.236 times projection of 1.0328-0.9786[​IMG]

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