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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on February 25, 2011, 11:05:52 am

Title: Trade Idea Wrap-up: USD/CHF ? Sell at 0.9420
Post by: pranjali on February 25, 2011, 11:05:52 am

Trade Idea Wrap-up: USD/CHF ? Sell at 0.9420

<p>As the greenback has continued to edge higher after rebounding from intra-day low of 0.9229, suggesting consolidation above this level would take place with mild upside bias for retracement to the Ichimoku cloud top (now at 0.9345) and possibly towards resistance at 0.9392, however, reckon 0.9420/25 (38.2% Fibonacci retracement of<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/At8oUV3n9jw" height="1" width="1"/>

Source: Trade Idea Wrap-up: USD/CHF ? Sell at 0.9420 (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/At8oUV3n9jw/)