Trade Idea Update: EUR/USD - Sell at 1.1050

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 24, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the single currency has remained under pressure after falling to 1.0990 yesterday, adding credence to our view that recent decline is still in progress and the fall from 1.1377 may extend weakness to 1.0945-50 (61.8% projection of 1.1377-1.1066 measuring from 1.1138), however, loss of downward momentum should prevent sharp fall below[​IMG]

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