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Friday, 3 April 2015

EUR/USD follows my track

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Since my last post, EUR/USD has followed exactly the tentative future path I laid down. The graph has now passed through the 30-Day Moving Average, which I previously postulated would be a signal that an upward trend is beginning. This is not the first time, however, that this MA has been breached in course of the Euro's downtrend, (and I circle 3 such recent instances), so it is still only tentatively that I declare an upward trend.

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