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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on March 17, 2011, 05:02:49 am

Title: Trade Idea: EUR/JPY ? Sell at 112.35
Post by: machala on March 17, 2011, 05:02:49 am

Trade Idea: EUR/JPY ? Sell at 112.35

<p>Although the single currency tumbled this morning on massive risk aversion activities, as euro quickly rebounded from intra-day low of 106.50, suggesting a minor low has been formed there and consolidation with initial upside bias is seen for retracement to 111.20/25, however, reckon 112.35/40 (61.8% Fibonacci retracement of 116.00-106.50) would<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/TOefolrchdg" height="1" width="1"/>

Source: Trade Idea: EUR/JPY ? Sell at 112.35 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/TOefolrchdg/)