EUR/USD Showing Confluence At 2700 Zone
Nenad Kerkez | Oct 23, 2014 06:13AM ET
EUR/USD is having a retracement after good PMI results but general trend is bearish. This is the time when fundies can give us chance to align with Technicals. Retracement towards 1.2700 could give us new chance to sell. WE can spot an inner trendline, previous M 1 2 3 bearish pattern and H4 cam level with 38.2 fib. That gives us a confluence zone for fresh sellers. Selling should go towards 1.2675 and 1.2620.
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