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Trade Idea Wrap-up: EUR/USD - Exit short entered at 1.1120

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

  1. Lily

    Lily Forum Member

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    Current rebound suggests near term upside risk has increased for the recovery from 1.1046 to bring retracement of the decline from 1.1234, hence further gain towards 1.1140 (50% Fibonacci retracement of 1.1234-1.1046) cannot be ruled out, however, reckon 1.1162 (Friday's high as well as 61.8% Fibonacci retracement) would limit upside[​IMG]

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