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Trade Idea Wrap-up: EUR/USD - Sell at 1.1080

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 14, 2016.

  1. Lily

    Lily Forum Member

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    As the single currency has remained under pressure, adding credence to our bearish view that recent decline is still in progress and may extend weakness to 1.0950-60 (50% projection of 1.1205-1.0985 measuring from 1.1060), however, near term oversold condition should prevent sharp fall below 1.0920-25 (61.8% projection) and reckon 1.0900[​IMG]

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