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Forex_Positive
Sep 10, 2014 8:09 AM

EURUSD ready for technical rebound Long

Euro Fx/U.S. DollarFXCM

Description

After September ECB meeting, EURUSD drop about -250pips in 1 day. I think this is the last major capitulation selloff.

EURUSD is way oversold, and a bounce up is imminent. Looking to enter long for a bounce up from the 88.6% FIB retracement. Profit target levels are the 2 resistance zones 1.3100 and 1.3300.

Long EURUSD 1.2890-1.2900
SL 1.2850
TP1 1.3100
TP2 1.3300

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Comments
Sandeep_Gupta
I am agree with you.tradingview.com/v/00dvtw4b/
Forex_Positive
Chart looks good :)
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