EUR/USD: Too Risky To Run Shorts
Jason Sen | Oct 26, 2016 03:16AM ET
EUR/USD bullish candle means it is too risky to run shorts any further at this stage. A recovery could be seen with first target at 1.0891/95 then 1.0920/23. Gains are still likely to be limited at this stage, but if we continue higher look for 1.0945, then strong resistance at 1.0960/70.
Support at 1.0860/50 is key to direction and longs need stops below the March low at 1.0825/20. A break below here kills the positive signal & initially targets 1.0790/80 then 1.0755/50.
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