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stanvax
Aug 3, 2013 7:04 PM

Balance of probabilities suggests shorting EuroDollar Short

Euro Fx/U.S. DollarFXCM

Description

Not without risk (what is!) but the balance of probability on this pair is a return towards 1.28. The series of reversals against a declining trend line seems to point towards a continuation of this theme. A negative week ahead would make last week's attempt to break this trend line seem very exposed and bearish candle indeed.
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