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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on February 28, 2011, 11:02:27 am

Title: Trade Idea Wrap-up: USD/CHF ? Sell at 0.9375
Post by: pranjali on February 28, 2011, 11:02:27 am

Trade Idea Wrap-up: USD/CHF ? Sell at 0.9375

<p>Dollar?s near term sideways trading above last week?s low at 0.9229 is expected to continue and as long as this support holds, further consolidation would take place, above 0.9313-20 (current level of the Ichimoku cloud top and Friday?s high) would bring retracement to 0.9375/80 (38.2% Fibonacci retracement of 0.9506 to<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/sqr1W_Yf7S8" height="1" width="1"/>

Source: Trade Idea Wrap-up: USD/CHF ? Sell at 0.9375 (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/sqr1W_Yf7S8/)