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Trade Idea Wrap-up: USD/CHF - Sell at 0.9920

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 1, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Dollar's breach of previous support at 0.9872 revives our near term bearishness and confirms top has been formed at 0.9956, hence consolidation with downside bias is seen for retracement of recent upmove to 0.9840-45 (38.2% Fibonacci retracement of 0.9663-0.9956), then towards 0.9806-09 (previous support and 50% Fibonacci retracement)[​IMG]

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