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Trade Idea Wrap-up: EUR/USD - Sell at 1.1060 or buy at 1.0920

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 18, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the single currency retreated after meeting resistance at 1.1026, break of support at 1.0964 (yesterday's low) is needed to signal recent decline has resumed and extend weakness to 1.0945-50 (50% projection of 1.1205-1.0985 measuring from 1.1060), however, oversold condition should prevent sharp fall below 1.0920-25 (61.8% projection) and reckon[​IMG]

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