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richspin
Oct 31, 2017 4:53 AM

EUR/USD Head and Shoulders Short

Euro Fx/U.S. DollarFXCM

Description

ECB meeting (Oct 26): Draghi came out rather dovish citing that despite the ending of QE, interest rates will remain lower for longer. Additionally, net Euro longs by non-commercials (hedge funds) in CFTC is at 5 year highs. Change in sentiment should act as tailwind to technical Head and Shoulders (bearish) pattern
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