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« Gold in 2015: The State of the Gold Market | Main | Tax Loss Silly Season »
Wednesday
Jan072015

The Euro In Free-Fall

Posted on January 7, 2015 by 


The Euro elected the Yearly Bearish Reversal at the 12150 area and it has penetrated the 2010 low so far of 11880 intraday reaching so far 11801. The key support lies at a set of DOUBLE WEEKLY BEARISH REVERSALS found at 11778. If we elect that this year, the Euro will fall most likely BELOW par to the 103 area. We do have Weekly Bearish Reversals at 11850 and 11640. A weekly closing below 11640 will be devastating.

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