Tuesday, September 2, 2014

Trade Idea Update: USD/CHF - Buy at 0.9150 or sell at 0.9250

Although the greenback has continued to move higher and near term upside bias is seen for recent upmove to extend gain to 0.9225-30 (100% projection of 0.9024-0.9146 measuring from 0.9103), loss of upward momentum should prevent sharp move beyond previous resistance at 0.9250 and bring retreat later. Below yesterday's low



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