Monday, January 26, 2015

Trade Idea Wrap-up: USD/CHF - Buy at 0.8860

As the greenback has surged again after breaking resistance at 0.8838, suggesting the erratic rise from 0.8352 is still in progress and may extend further gain to 0.9000, however, near term overbought condition should prevent sharp move beyond 0.9030-40 and reckon 0.9080 would cap upside, bring retreat later today.



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