EUR/USD Weekly Analysis 11th – 15/08/2014


The EURUSD lost ground today as the overall downtrend is still intact. At this point, we still prefer to wait for a retrace back to resistance near 1.3500 and then look for a price action sell signal to form there to sell in-line with the downtrend from ‘value’. 

Trade Idea : Waiting price to bounce from support to buy. If breakaout waiting price to test support became resistance to sell.

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