Tuesday, April 29, 2014

Trade Idea: USD/CHF - Hold short entered at 0.8810

Yesterday's rebound from 0.8770 suggests consolidation above this level would be seen and recovery to the lower Kumo (now at 0.8815) cannot be ruled out, however, as long as 0.8827-29 (yesterday's high and current level of the upper Kumo) holds, bearishness remains for the fall from 0.8862 to resume later,



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