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Why I’m shorting EURUSD: Ian Coleman

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April 14, 2016 charts, charts technical, eur, eurusd, eurusd trade, eurusd trade idea, forex, forex idea, forex market, forex markets, forex trading, saxo, saxo bank saxo tv, saxo bank trading floor, saxo trader go, saxo tv, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank.com, saxotrader, saxotradergo, trade, trade idea, traders, trading strategies, trading strategy, tradingfloor.com
Ian Coleman of First 4 Trading says he is looking to sell into mild rallies in EURUSD.

Ian says a Bearish Outside Day was posted on Tuesday with some aggressive follow-through price action. He regards the important factor as the 261.8% extension level at 1.1153 close to previous support. Ian is looking to sell at 1.1315 with a stop at 1.1345 and a target area of 1.1153 to 1.1143.