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Coleman: Sell EURUSD despite volatility
Ian Coleman from First 4 Trading is looking to sell euro dollar. The euro fell against the dollar on Monday after data showed disappointing manufacturing growth in France and Spain.
The eurozone manufacturing PMI rose to 51.6 last month from October's 51.3, but France's PMI sank to a five-month low of 48.4 from 49.1, while Spain's manufacturing sector shrank too.
Ian says the Dollar Index has been confined withing the daily Ichimoku and this has made trading in other dollar majors pairs "mixed and volatile".
Ian is anticipating a mild correction higher today, and plans to sell at 1.3560, place a stop at 1.3585, and his targets are 1.3511 and 1.3497.
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01:35 minutes
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