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Trade Idea Update: EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 12, 2016.

  1. Lily

    Lily Forum Member

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    The single currency has rallied in US opening on dollar's broad-based weakness after soft US data, suggesting the rise from 1.1046 is still in progress and test of previous resistance at 1.1234 (last week's high) is likely, however, as broad outlook remains consolidative, reckon upside would be limited to 1.1250-60[​IMG]

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