Friday, October 31, 2014

Trade Idea Wrap-up: EUR/USD - Sell at 1.2630

Euro's intra-day breach of support at 1.2501 confirms recent decline has resumed and further weakness to 1.2470 would be seen, however, loss of near term downward momentum should prevent sharp fall below 1.2450 today, risk from there has increased for a corrective rebound to take place soon, above the Kijun-Sen



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