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Trade Idea Update: EUR/USD - Stand aside

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

  1. Lily

    Lily Forum Member

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    As euro's retreat from 1.1218 (last week's high) has kept price under near term pressure, suggesting downside risk remains for retracement of recent rise and weakness to 1.1058 (previous resistance) cannot be ruled out, however, reckon downside would be limited to 1.1020 (50% Fibonacci retracement of 1.0822-1.1218) and price should stay above[​IMG]

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