EURUSD-
The
EURUSD tried to break out to the upside during the session on
yesterday but ran into a significant amount of resistance above the
1.06 level. Because of this, the market ended up falling and forming
a shooting star, which is a negative sign. We believe that the market
will then head down to the 1.05 level, which has been supportive in
past. We believe that a break down below there will send the Euro
down to the parity level, which is our longer-term target.
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