Trade Idea Wrap-up: EUR/USD - Sell at 1.1100

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The single currency has remained under pressure after this week's selloff below previous support at 1.1104, adding credence to our view that recent decline is still in progress and may extend weakness to 1.0985-90 (1.618 times projection of 1.1239-1.1104 measuring from 1.1205) but near term oversold condition should prevent sharp[​IMG]

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