Trade Idea: EUR/USD - Sell at 1.0800

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 6, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As euro has remained under pressure and bearishness remains for the fall from 1.1060 to extend further weakness to 1.0700, then 1.0675-80 (1.236 times projection of 1.1060-1.0803 measuring from 1.0993), however, near term oversold condition should prevent sharp fall below 1.0650 and reckon 1.0625-30 would hold from here, bring rebound later.[​IMG]

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