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Trade Idea: EUR/USD - Sell at 1.1325

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 18, 2016.

  1. Lily

    Lily Forum Member

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    As the single currency has fallen again after meeting renewed selling interest at 1.1349 yesterday, suggesting the decline from 1.1616 top is still in progress and may extend weakness to 1.1245-50 (61.8% projection of 1.1447-1.1283 measuring from 1.1349), however, near term oversold condition should limit downside to previous chart support[​IMG]

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