Monday, September 29, 2014

Trade Idea: EUR/USD - Sell at 1.27750

The single currency has fallen again after brief recovery to 1.2765, adding credence to our view that recent decline is still in progress and may extend weakness to 1.2640 (61.8% projection of 1.3433-1.2859 measuring from 1.2995), however, loss of downward momentum should prevent sharp fall below 1.2600-10, risk from there



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