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Trade Idea Wrap-up: USD/CHF - Buy at 0.9865

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 21, 2015.

  1. Lily

    Lily Forum Member

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    Although the greenback staged an intra-day rebound to 0.9969, the subsequent retreat has retained our view that further consolidation below last week's high of 0.9991 would be seen and pullback to 0.9885-90 (50% Fibonacci retracement of 0.9786-0.9991) is likely, however, reckon 0.9860-65 (61.8% Fibonacci retracement) would limit downside, bring another rise later.[​IMG]

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