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Trade Idea Wrap-up: EUR/USD - Sell at 1.0780

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 5, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As euro's decline has accelerated, suggesting the fall from 1.1060 is still in progress and may extend further weakness to 1.0675-80 (1.236 times projection of 1.1060-1.0803 measuring from 1.0993) would be seen, however, near term oversold condition should prevent sharp fall below 1.0650 and reckon 1.0625-30 would hold from here, bring rebound later.[​IMG]

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