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Monday, 7 December 2015

EUR/USD comes down off its spike

Having spiked on Thursday last, with news that the ECB will be less aggressive than expected in its Quantitative Easing program, the Euro now comes down from the spike. If an uptrend is emerging, as I epect, then it will meet support at or before the green line and, I guess, will not fall as far as the brown line, which I drew in a previous post to show the bottom that the graph was forming.

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