Thursday, August 28, 2014

Trade Idea : USD/CHF - Buy at 0.9105

Dollar's retreat after yesterday's initial brief rise to 0.9185 has retained our view that consolidation below this level would be seen and test of 0.9120-23 (38.2% Fibonacci retracement of 0.9024-0.9185) cannot be ruled out, however, reckon Friday's low at 0.9103 would limit downside and bring another rise later. Above said



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