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Trade Idea Wrap-up: EUR/USD - Buy at 1.1265

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 9, 2016.

  1. Lily

    Lily Forum Member

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    As the single currency has retreated after intra-day marginal rise to 1.1416, suggesting consolidation below this level would be seen and pullback to 1.1300-01 (38.2% Fibonacci retracement of 1.1114-1.1416) is likely, however, reckon 1.1265 (50% Fibonacci retracement) would limit downside and bring another rise later. Above said resistance at 1.1416[​IMG]

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