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Short Swing in Play for the Euro

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The past few days have proved relatively positive for the Euro as the currency has largely benefited from the negative USD sentiment. However, the storm clouds are now gathering over the European banking sector whilst technical analysis points to a pending short play. To date, February has been largely bullish for the Euro as the pair was buoyed by mounting concerns over the strength of the US economy. Subsequently, the pair managed to break through the wedge pattern that had been constraining

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