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Trade Idea Update: EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 23, 2016.

  1. Lily

    Lily Forum Member

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    Although current rally above resistance at 1.1382 signals the rise from 1.1131 low is still in progress and may extend further gain to 1.1450 and possibly towards 1.1485-90 (100% projection of 1.1131-1.1382 measuring from 1.1237), however, near term overbought condition should limit upside to 1.1510-20 and reckon 1.1545-50 (1.236 times projection) would hold[​IMG]

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