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Trade Idea: EUR/USD - Sell At 1.4130 - forex fx daily current outlook

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Old 01-26-2010, 06:00 AM
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Join Date: Sep 2008
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Default Trade Idea: EUR/USD - Sell At 1.4130

Euro's retreat from yesterday's high of 1.4195 and the breach of indicated support at 1.4085/90 confirm recovery from 1.4029 has ended there and recent decline from 1.5145 top should resume for weakness to 1.4015 (50% Fibonacci retracement of 1.2885 to 1.5145) and possibly towards 1.3950 but reckon 1.3900 would hold...

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