Trade Idea Wrap-up: USD/CHF ? Sell at 0.9390

Trade Idea Wrap-up: USD/CHF ? Sell at 0.9390

<p>We are keeping our view that near term sideways consolidation above last week?s low at 0.9229 would continue and although mild upside bias is seen for retracement to 0.9375/80 (38.2% Fibonacci retracement of 0.9506 to 0.9229), renewed selling interest should emerge below resistance at 0.9392 and bring another decline later.<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/x6Iso1ca2KM" height="1" width="1"/>

Source: Trade Idea Wrap-up: USD/CHF ? Sell at 0.9390