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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 22, 2016.

  1. Lily

    Lily Forum Member

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    As the single currency has continued to fall, suggesting recent decline from 1.1465 is still in progress and may extend weakness to 1.1200, however, near term oversold condition should limit downside to 1.1165-70 (100% projection of 1.1465-1.1234 measuring from 1.1399) and price should hold above previous chart support at 1.1144, bring rebound later.[​IMG]

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