Retest of trendline break in Euro
Our last update on the Euro discussed
the broken trendline that had taken place and how if you had not
gotten in on the trade to the long side, that being patient would allow you an
opportunity to get back in as I strongly suspected that the broken trendline
would be retested before the Euro FX would be able to mount a meaningful rally.
Low and behold, this mornings actions have seen the Euro sell off right down to
an area of a rising 15 period moving average and retest the broken trend line.
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