Tuesday, January 27, 2015

Trade Idea Wrap-up: EUR/USD - Exit short entered at 1.1390

As intra-day rise has gathered momentum, suggesting near term upside risk remains for the rebound from 1.1098 low to bring retracement of recent decline and gain towards 1.1455-60 (61.8% Fibonacci retracement of 1.1680-1.1098) cannot be ruled out, however, reckon upside would be limited to 1.1490-00 and price should falter well



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