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Monday, 22 June 2015

EUR/USD resistance flattening

Even if not as early as September, American interest rates will rise fairly soon anyway, putting downward pressure on EUR/USD, and the market knows it.

Resistance is flattening and the price may be contained below $1.14.

IMF and Eurozone support for the Greek economy will continue along its thorny ride for several more years. Resolution of the current crisis will but be a postponement of a real solution for another time.

I can't see the Support Line holding, and anticipate the graph swinging to the bottom of the yellow box.

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