Trade Idea Wrap-up: USD/CHF - Sell at 0.9710

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback has remained under pressure after last week's selloff, suggesting the decline from 0.9951 is still in progress and further weakness to 0.9625-30 (1.236 times projection of 0.9951-0.9793 measuring from 0.9822), then 0.9600 would be seen, however, oversold condition should limit downside to 0.9565-70 (1.618 times projection) and bring rebound later.[​IMG]

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