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ITMmatty
Aug 18, 2021 10:24 PM

$FXE Euro obvious Head and Shoulders pattern Short

Invesco CurrencyShares Euro Currency TrustArca

Description

One of the most blatant head and shoulder patterns I have ever seen on a chart. Risk Reward box dhows where I opened my position and where I set stop losses. RSI approaching seriously oversold levels so I would expect some support soon, Regardless anticipating a 6-month decent to 106, while Fib levels call for a possible 103 test.
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