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Trade Idea Update: EUR/USD - Sell at 1.1195

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 31, 2016.

  1. Lily

    Lily Forum Member

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    The single currency tumbled last Friday after meeting renewed selling interest at 1.1341 and has remained under pressure, suggesting top has indeed been formed at 1.1366 and bearishness remains for further weakness to 1.1100-05 (50% projection of 1.1341-1.1158 measuring from 1.1197), however, loss of near term downward momentum should prevent sharp fall below[​IMG]

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