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Short

W38 Adjusted big picture, re-testing 1.0500 by end of year?

FX:EURUSD   Euro Fx/U.S. Dollar
It's about 3 months plus to the end of the year. Would we see 1.0500 for FX:EURUSD             soon? We are about 700pips off from this low. 1.1100 is now the key support. If broken, we are looking at point B which is around 1.1000. Then we shall see how the market consolidates to form point C and eventually a big break to go all the way to point D.
Comment: News Impact:

http://finance.yahoo.com/news/euro-weakness-may-forthcoming-ecb-014500812.html

Fundamental Forecast for Euro: Neutral

- EUR/USD has been lifted by weakness on the USD side, not strength on the EUR side.

- ECB President Draghi made clear

- Volatility in FX markets is due to rebound over the coming weeks – it’s a good time to review risk management principles.
Comment: Roadmap still intact.

snapshot
there 2 bottoms from 1.05 so no body will sell .. its a reversal trend point ..


snapshot
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