We a perfect correction back to 129.55 (our target was seen at 129.52) renewed downside pressure should now be expected for a decline to 127.59 from where a new short-term correction close to 129.55 should be expected before lower again to 125.08.
We are short EUR from 129.45. We will move our stop lower to 130.05. Take-profit will be placed at 127.65.
The material has been provided by InstaForex Company – www.instaforex.com
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