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Trade Idea: EUR/USD - Buy at 1.1430

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 4, 2016.

  1. Lily

    Lily Forum Member

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    As the single currency has slipped again after brief recovery to 1.1511, suggesting near term downside risk remains for the retreat from 1.1616 (yesterday's high) to bring correction of recent rise to 1.1444-48 (50% Fibonacci retracement of 1.1272-1.1616 and previous support), however, reckon downside would be limited to 1.1425-30 and[​IMG]

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