Trade Idea Wrap-up: USD/CHF - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The greenback dropped briefly below previous support at 0.9572, suggesting recent decline is still in progress and downside risk remains for weakness to 0.9533-35 and possibly towards 0.9510-15 (50% projection of 0.9920-0.9572 measuring from 0.9687), however, near term oversold condition should limit downside to 0.9470-75 (61.8% projection), bring rebound later.[​IMG]

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