Trade Idea Update: EUR/USD – Stand aside


Although the single currency rallied from 1.0989 to 1.1300 on dollar’s broad-based weakness, current sharp retreat from 1.1300 suggests consolidation would be seen and downside risk has increased for weakness to 1.1025-30, however, reckon downside would be limited to 1.1000 and price should stay above said support at 1.0989, bring another rebound later.

from Action Forex (ALL)—stand-aside-20161109275360/