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How convinced are we that € $ is heading sharply lower?


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This pair has been on my radar map for sometime, although i dont much trade this pair, it does have a very significant weight VS the US dollar index. However because most have agreed that we have been trading within a triangle i do think it would be fair to suggest that we may only be starting a bear trend if we surpass dec15 105 low, but a bounce from the 0.88% fib level could invalidate this bearish outlook and finish the triangle formation. 

All alternative views welcome of course.

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