Dollar’s intra-day selloff to 86.29 (exactly the 61.8% projection of 97.79-88.01 measuring from 92.33) signals medium term downtrend remains in progress and further weakness to 85.77 (2 times projection of 90.62 to 88.73 measuring from 89.55) is seen after consolidation but reckon 85.00 would remain intact today, bring a correction…
Tag Archives: term downtrend
Trade Idea: USD/CHF – Sell at 1.0150
As the greenback is still under pressure after falling sharply from last Friday’s high at 1.0224, suggesting the recovery from 1.0035 has ended there and our bearishness remains for a retest of recent low at 1.0033, once this level is penetrated, this would confirm medium term downtrend has finally resumed…