Wednesday, May 28, 2014

Trade Idea Wrap-up: EUR/USD - Stand aside

As the single currency has remained under pressure after breaking support at 1.3613-15, suggesting recent decline from 1.3993 top is still in progress and downside risk remains for weakness to 1.3560-65 (50% projection of 1.3993-1.3648 measuring from 1.3734), however, loss of momentum should prevent sharp fall below 1.3520-25 (61.8% projection)



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