Trade Idea : USD/CHF - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 23, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The greenback broke below previous support at 0.9572 yesterday and fell to as low as 0.9551, suggesting recent decline is still in progress and downside risk remains for weakness to 0.9533-35 and possibly towards 0.9510-15 (50% projection of 0.9920-0.9572 measuring from 0.9687), however, near term oversold condition should limit downside[​IMG]

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