TradersClub
Long

EURO DOLLAR long @ 0786 Fibonacci.

FX:EURUSD   Euro / U.S. Dollar
The Euro             has been oversold for weeks with investors expecting a rally a failure for the Euro             to rally will expose 1.2000 levels, its all time low. This may not be hard to believe seeing the Eurozone is in a mess. So what will send the Euro             higher versus an almost unstoppable Dollar.

Ultimately the technical side suggests a long position to 1.2779. the structure will present issues getting above that level. Time will tell.
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