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Trade Idea Update: EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 21, 2016.

  1. Lily

    Lily Forum Member

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    Although the single currency resumed recent decline after meeting renewed selling interest at 1.1214 yesterday, loss of downward momentum should prevent sharp fall below 1.1100 and reckon downside would be limited to 1.1075 (1.618 times extension of 1.1327-1.1198 measuring from 1.1284), risk from there has increased for a rebound later.[​IMG]

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