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Trade Idea Update: EUR/USD - Sell at 1.1225

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 16, 2016.

  1. Lily

    Lily Forum Member

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    Euro's selloff from 1.1377 suggests top has been formed there and consolidation with downside bias is seen for retracement of recent upmove and below yesterday's low at 1.1128 would extend weakness towards 1.1090-95 (50% Fibonacci retracement of 1.0810-1.1377), however, reckon downside would be limited to 1.1069-86 support area and price[​IMG]

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