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Trade Idea Wrap-up: EUR/USD - Buy at 1.1450

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 3, 2016.

  1. Lily

    Lily Forum Member

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    As the single currency has retreated after intra-day rally to 1.1616, suggesting consolidation below this level would be seen and correction to 1.1495-00 (38.2% Fibonacci retracement of 1.1310-1.1616) is likely, however, reckon downside would be limited to 1.1460-65 (50% Fibonacci retracement) and support at 1.1448 should hold, bring rebound later,[​IMG]

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