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Trade Idea Update: EUR/USD - Exit long entered at 1.1405

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

  1. Lily

    Lily Forum Member

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    Although the single currency jumped to 1.1481 shortly after the release of US job reports, lack of follow through buying and current retreat suggest consolidation would be seen and downside risk remains for another test of 1.1383-86 (100% projection of 1.1616-1.1470 measuring from 1.1529 and yesterday's low), break there would[​IMG]

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