Thursday, January 29, 2015

Trade Idea Wrap-up: USD/CHF - Buy at 0.9110

Current rally above previous resistance at 0.9168 confirms recent upmove has resumed and further gain towards 0.9270 (50% projection of 0.8501-0.9168 measuring from 0.8938) would be seen, however, near term overbought condition should limit upside to 0.9300-10 and reckon 0.9345-50 (61.8% projection) would cap upside, risk from there



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