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Trade Idea Update: EUR/USD - Buy at 1.1065

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 11, 2016.

  1. Lily

    Lily Forum Member

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    Yesterday's rally from 1.0822 to 1.1218 signals recent decline from 1.1377 has ended at 1.0822, hence consolidation with upside bias is seen and although current retreat suggests initial downside risk is seen for pullback to 1.1100, reckon 1.1065-70 (38.2% Fibonacci retracement of 1.0822-1.1218) would limit downside and bring another rise,[​IMG]

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