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Saturday, 17 May 2014

Euro to find new Norm


History of the Euro to the present had it oscillate around $1.375.The 2008 to 2014 simple Resistance Line (obtained by joining the peaks) now intersects this value. The downswing from here may reach no lower than 1.30 before swinging back to 1.35, but the trend will be downward and a new norm may emerge at a lower level.

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