Friday, November 29, 2013

Trade Idea: EUR/USD - Sell at 1.3650 or on break of 1.3550

Although the single currency edged higher today and near term upside risk remains for recent upmove to extend gain to 1.3627-30 (61.8% Fibonacci retracement of 1.3833-1.3295), as this move from 1.3295 is still viewed as correction of early fall from 1.3833, reckon 1.3650-55 (100% projection of 1.3399-1.3560 measuring from 1.3490)



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