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Trade Idea Wrap-up: USD/CHF - Buy at 0.9790

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 30, 2015.

  1. Lily

    Lily Forum Member

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    The greenback has slipped again after intra-day brief bounce to 0.9911, suggesting near term downside risk remains for the fall from 0.9958 (this week's high) to bring retracement of recent upmove to 0.9821 support, however, reckon 0.9790-95 (38.2% Fibonacci retracement of 0.9528-0.9958) would limit downside and bring rebound later, above[​IMG]

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