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EUR WEAKNESS TO COME (EXY monthly view)

TVC:EXY   Euro Currency Index
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Hi All,

We have been trading the EURUSD all year with a strong bias towards the downside.

Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside ( falling wedge cycle).

Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking towards a recession and with key EU zones weakening we can only see further weakness in the EU looming.



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