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Trade Idea Wrap-up: EUR/USD - Buy at 1.1025

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 14, 2016.

  1. Lily

    Lily Forum Member

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    Euro's retreat after meeting renewed selling interest at 1.1193 has retained our view that further consolidation below last week's high of 1.1218 would be seen and initial downside risk remains for another retreat to 1.1065-70 (38.2% Fibonacci retracement of 1.0822-1.1218), however, reckon 1.1020-25 (50% Fibonacci retracement) would limit downside and[​IMG]

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