Thursday, October 31, 2013

Trade Idea Wrap-up: EUR/USD - Sell at 1.3690

Euro's intra-day selloff on dollar's broad-based strength and the breach of previous support at 1.3651 add credence to our view that top has indeed been formed at 1.3833 last week and bearishness remains for correction of early upmove from 1.3105 to 1.3575-80, then towards 1.3555 (38.2% Fibonacci retracement of 1.3105-1.3833),



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