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Trade Idea Update: EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 9, 2016.

  1. Lily

    Lily Forum Member

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    Although the single currency has fallen again after brief bounce to 1.1481 on Friday, suggesting the fall from 1.1616 is still in progress and downside risk remains for weakness to 1.1365-66 (50% projection of 1.1616-1.1386 measuring from 1.1481), loss of downward momentum should prevent sharp fall below 1.1335-40 (61.8% projection)[​IMG]

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