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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 27, 2016.

  1. Lily

    Lily Forum Member

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    Although current breach of this week's low at 1.1129 confirms recent decline from 1.1616 has resumed and may extend weakness to 1.1100, loss of downward momentum should prevent sharp fall below 1.1080-85 (1.618 times projection of 1.1447-1.1283 measuring from 1.1349 and 61.8% projection of 1.1349-1.1129 measuring from 1.1217) and reckon 1.1050 would hold[​IMG]

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