Wednesday, February 26, 2014

Trade Idea: EUR/USD - Sell at 1.3710

As the single currency has rebounded after falling to 1.3662 yesterday, consolidation above this level would be seen but upside should be limited to the Kijun-Sen (now at 1.3710) and bring another decline later, a break of 1.3660-62 (38.2% Fibonacci retracement of 1.3477-1.3773 and yesterday's low) would extend the fall



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