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Thursday, 29 January 2015

EUR/USD resumes its downslide in narrower range

Following the ECB announcement of its QE program, the plunge of the Euro against the US Dollar overshot the mark, then, of course, bounced back. Now the Euro resumes its downslide, within the purple range I have drawn, narrower than before but just as steeply downwards over-all. There should be quite a shock to its progress, however, when it hits the psychological barrier of even money to the Dollar!

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