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Trade Idea Wrap-up: USD/CHF - Buy at 0.9485

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 3, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has staged a strong rebound after intra-day selloff to 0.9444, suggesting consolidation above this level would be seen with mild upside bias for retracement to 0.9562-68 (38.2% Fibonacci retracement of 0.9754-0.9444 and previous support), however, reckon upside would be limited to 0.9599-05 (50% Fibonacci retracement and previous[​IMG]

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