Monday, February 2, 2015

Trade Idea : USD/CHF - Buy at 0.9180

As the greenback has risen again after brief pullback, suggesting recent upmove is still in progress and may extend further gain to 0.9320 and possibly towards 0.9345-50 (61.8% projection of 0.8501-0.9168 measuring from 0.8938), however, loss of near term upward momentum should prevent sharp move beyond 0.9375-80 and reckon 0.9400



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