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Trade Idea Update: EUR/USD - Buy at 1.1405

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 5, 2016.

  1. Lily

    Lily Forum Member

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    As the single currency has fallen again after meeting renewed selling interest at 1.1529 and near term downside risk remains for the retreat from 1.1616 (yesterday's high) to bring correction of recent rise to 1.1400-05 (61.8% Fibonacci retracement of 1.1272-1.1616), however, reckon downside would be limited and bring rebound later,[​IMG]

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