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m4nti
Sep 5, 2014 10:29 AM

$EUR CONSOLIDATION ON THREE FRONTS 

Euro Fx/Japanese YenFXCM

Description

After the sudden steep decline of the EUR yesterday during the ECB interest rate conference, the EUR seems to have gone into consolidation vs the Yen, Dollar and Pound. Both the Stochastic and the fast EMA are indicating reversal intent but we're going to have to wait and see.

Check those breakouts and don't let yourself get caught with a fakeout.

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