Friday, May 6, 2011

Trade Idea Wrap-up: EUR/USD – Sell at 1.4680



Despite intra-day brief fall to 1.4457, as the single currency has rebounded on short-covering, suggesting consolidation above this level would take place and retracement to the Kijun-Sen (now at 1.4571) is likely, above would bring correction to 1.4626 (38.2% Fibonacci retracement of 1.4900 to 1.4457) but renewed selling interest should

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