Monday, July 28, 2014

Trade Idea Wrap-up: EUR/USD - Buy at 1.3400

Although the single currency has recovered after holding above last week's low at 1.3421, reckon the Ichimoku cloud (now at 1.3452-56) would limit upside and bring another decline, below said support would extend recent decline from 1.3993 top towards 1.3395-00, however, loss of downward momentum should prevent sharp fall below



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