Wednesday, October 29, 2014

Trade Idea Update: USD/CHF - Hold short entered at 0.9480

Although the greenback recovered after yesterday's fall to 0.9445 and minor consolidation would be seen, as long as yesterday's high at 0.9511 holds, bearishness remains for the fall from 0.9559 to extend weakness to 0.9436 (61.8% Fibonacci retracement of 0.9360-0.9559), however, break of support at 0.9395-98 is needed to retain



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