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Trade Idea Wrap-up: USD/CHF - Sell at 0.9790 or buy at 0.9670

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 4, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's rebound from this week's low of 0.9633 suggests a temporary low has been formed there and consolidation with mild upside bias is seen for retracement of recent decline to 0.9750-55 (38.2% Fibonacci retracement of 0.9951-0.9633), however, reckon 0.9792-93 (50% Fibonacci retracement and previous support) would limit upside and bring retreat later.[​IMG]

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