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

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although yesterday's selloff suggests downside risk remains for the fall from 1.1616 top to bring retracement of recent upmove, loss of momentum should limit downside to 1.1383-86 (100% projection of 1.1616-1.1470 measuring from 1.1529 and yesterday's low) and bring rebound later, above 1.1460-70 would signal low is formed, bring further gain to[​IMG]

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