Trade Idea Wrap-up: USD/CHF – Sell at 0.8730

Although the greenback has retreated after intra-day rebound to 0.8697, break of last week’s low at 0.8626 is needed to confirm downtrend has once again resumed and extend weakness to 0.8600 but loss of downward momentum should prevent sharp fall below 0.8565-70 (61.8% projection of 0.8835-0.8626 measuring from 0.8697) and