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Trade Idea Wrap-up: USD/CHF - Buy at 0.9630

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 9, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Dollar's retreat after intra-day initial rise to 0.9736 suggests consolidation below this level would be seen and pullback to 0.9651-58 (Friday's low and 38.2% Fibonacci retracement of 0.9533-0.9736) is likely, however, reckon 0.9630-35 (50% Fibonacci retracement) would limit downside and bring another rise later, above said resistance at 0.9736 would[​IMG]

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