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Trade Idea : EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 10, 2016.

  1. Lily

    Lily Forum Member

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    The single currency traded lower earlier today and near term downside risk remains for the fall from 1.1616 top (last week's high) to extend weakness to 1.1365-66 (50% projection of 1.1616-1.1386 measuring from 1.1481) and possibly 1.1335-40 (61.8% projection), however, loss of downward momentum should prevent sharp fall below 1.1310 support and[​IMG]

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