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Trade Idea Wrap-up: EUR/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 17, 2016.

  1. Lily

    Lily Forum Member

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    The single currency has fallen again after meeting resistance at 1.1179 on renewed cross-selling against sterling, suggesting the fall from 1.1377 is still in progress and may extend weakness to 1.1090-95 (50% Fibonacci retracement of 1.0810-1.1377), however, loss of downward momentum should prevent sharp fall below 1.1069[​IMG]

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