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UnknownUnicorn366560
Dec 15, 2016 10:17 AM

EURUSD 1H FRAME Short

Euro Fx/U.S. DollarFXCM

Description

Price dropped perfectly to our profit target. We are now looking to sell on strength below 1.0564 resistance (Fibonacci retracement) for a further drop to 1.0456 (Fibonacci projection).Stochastic (21,5,3) has reacted off our 95% resistance perfectly as expected and we expect a further drop as it still has good downside potential. Sell below 1.0564. Stop loss at 1.0608. Take profit at 1.0456.

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