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EURO CURRENCY INDEX (EXY) 4-HOUR TIMEFRAME SHORT

Short
TVC:EXY   Euro Currency Index
The Euro currency index has been moving in a series of lower highs and lower lows following the unsuccessful European Union parliamentary elections and also all the clouds surrounding Mrs . T. May. A break above the 112 price level will invalidate this idea.

Short-sellers can target the 110.5 area, which is the bottom of the descending channel , as a potential profit-taking level.