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Trade Idea Update: EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 15, 2016.

  1. Lily

    Lily Forum Member

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    The single currency retreated after surging to 1.1221 on Friday and few days of consolidation below this level would be seen, hence downside risk remains for retracement towards 1.1131-34 (Friday's low and 50% Fibonacci retracement of 1.1046-1.1221) but reckon downside would be limited to 1.1110-15 (61.8% Fibonacci retracement) and 1.1095-00[​IMG]

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