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Trade Idea Wrap-up: USD/CHF - Sell at 0.9975

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 18, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has maintained a firm undertone and initial upside risk remains for the rise from 0.9661 low to extend gain towards previous resistance at 0.9985, however, loss of upward momentum should prevent sharp move beyond psychological resistance at 1.0000 and reckon 1.0009-10 (61.8% Fibonacci retracement of 1.0225-0.9661) would hold[​IMG]

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