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Trade Idea Update: EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 4, 2016.

  1. Lily

    Lily Forum Member

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    As euro has surged again after finding renewed buying interest at 1.1069, suggesting recent upmove from 1.0710 low is still in progress and may extend gain to 1.1250, however, near term overbought condition should prevent sharp move beyond 1.1275-80 (61.8% projection of 1.0810-1.1146 measuring from 1.1069) and price should falter below[​IMG]

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