Wednesday, October 2, 2013

Trade Idea Update: EUR/USD - Stand aside

Despite yesterday's initial resumption of upmove to 1.3589, lack of follow through buying and the subsequent stronger-than-expected retreat suggest a temporary top is possibly formed, hence consolidation below this level would be seen, however, break of 1.3490 is needed to add credence to this view, bring test of 1.3462-72 support



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