Swing Trade Opportunities on EUR/USD


This is the 1year Daily Chart for EUR/USD
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The market is currently trending downwards and it is below the MA50. There are also a lot of concerns in Europe following the Irish bailout and worries over the economies of other european countries such as Portugal and Spain.
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I have placed a pending Sell swing trade order at the 38.20% Fibonacci Retracement at 13056.

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