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| | |-+  Trade Idea Update: USD/CHF ? Sell at 0.9540
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Author Topic: Trade Idea Update: USD/CHF ? Sell at 0.9540  (Read 2078 times)
pranjali
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« on: February 22, 2011, 05:09:11 am »

Trade Idea Update: USD/CHF ? Sell at 0.9540

<p>Although the greenback has retreated after intra-day rebound to 0.9506, break of yesterday?s low at 0.9415 is needed to signal decline from 0.9776 has resumed and extend weakness to 0.9390 but loss of downward momentum should limit downside to 0.9344 (50% projection of 0.9739-0.9415 measuring from 0.9506) and reckon 0.9329<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/5MWrZ-oO7nE" height="1" width="1"/>

Source: Trade Idea Update: USD/CHF ? Sell at 0.9540
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