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Trade Idea Wrap-up: EUR/USD - Buy at 1.1410

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 11, 2016.

  1. Lily

    Lily Forum Member

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    Current breach of indicated resistance at 1.1420 adds credence to our view that low has been formed at 1.1358 yesterday and consolidation with upside bias is seen for gain to 1.1455-60 (38.2% Fibonacci retracement of 1.1616-1.1358), then towards 1.1481-87 (previous resistance and 50% Fibonacci retracement) which is likely to limit[​IMG]

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