Monday, January 27, 2014

Trade Idea Update: USD/CHF - Sell at 0.9000

Although the greenback has recovered after falling to 0.8903 on Friday and minor consolidation above this level is in store, last week's selloff from 0.9157 suggests near term downside risk remains for further weakness to 0.8880-90, however, as broad outlook is still consolidative, reckon downside would be limited to 0.8860



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