Trade Idea Update: EUR/USD - Hold short entered at 1.1240

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the single currency dropped to as low as 1.1198 (exactly 100% projection of 1.1327-1.1240 measuring from 1.1285), as euro found support there and has staged a strong rebound, suggesting caution on our short position entered at 1.1240 but as long as 1.1265 holds, mild downside bias remains for another[​IMG]

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