Monday, January 27, 2014

Trade Idea: EUR/USD - Buy at 1.3660

Despite Friday's brief rise to 1.3740, the subsequent retreat suggests consolidation below this level would take place and minor correction to 1.3657-60 (current level of the upper Kumo and 38.2% Fibonacci retracement of 1.3530-1.3740) cannot be ruled out before prospect of another rally, above said resistance at 1.3740 would extend



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