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We are looking at a huge head and shoulders, if we break with confirmation below 1.175, we should go to our targets:
1.17
1.16
1.15
1.14
At the same time, we are forming a double bottom pattern on the DXY index (or a cup and handle recently), if it plays out we will see strength in the dollar which would confirm our bearish EURO target.
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What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading