Monday, May 26, 2014

Trade Idea: EUR/USD - Stand aside

The single currency met renewed selling interest at 1.3734 last week and has resumed recent decline from 1.3993 top, adding credence to our bearishness for this fall to bring retracement of early upmove to 1.3600, however, loss of downward momentum should prevent sharp fall below 1.3560-65 (50% projection of 1.3993-1.3648



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