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KKTrader1
Dec 19, 2013 3:20 AM

EURUSD sell  Short

Euro Fx/U.S. DollarFXCM

Description

As the FOMC has declared tapering before the market expected, we can see a turn in the dollar regime as FOMC begins to tighten their monetary policy. We see a perfect double top in the overextended EURUSD, as the year comes to an end we can expect people to reallocate out of the EUR and into the USD as FOMC projections are adjusted.
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