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Trade Idea Wrap-up: USD/CHF - Buy at 0.9850

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 26, 2016.

  1. Lily

    Lily Forum Member

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    As dollar has retreated after meeting resistance at 0.9929, retaining our view that further consolidation below this week's high at 0.9941 would be seen and pullback to 0.9870 cannot be ruled out, however, reckon 0.9844-50 (previous resistance and 38.2% Fibonacci retracement of 0.9702-0.9941) would limit downside and bring another rise[​IMG]

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