EUR: Buy at 1.4395, adding to 1.4255; stop below 1.4140 |
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EUR Comment: A massive ‘spike low’ and ‘doji’ on the weekly chart, gapping higher today, as we recover from the sharpest ever sell-off. We ought to see follow-through to this move this week allowing the Euro to recover towards 1.4900. Strategy: Buy at 1.4395, adding to 1.4255; stop below 1.4140. Short term target 1.4700, then 1.4900. EUR/JPY Comment: Yen crosses are taking a breather as we let other currencies catch up. We continue to expect consolidation today, and maybe all week, as we
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