25th January - Sell the Euro, but how far?
26 January 2015
TECHNICALS:
Monthly Dollar Euro chart
Note the collapse through the pivotal band 1.1875/1.2040.
There is little support until the coincidence of channel support around parity...
Monthly Euro Sterling chart
The collapse through the pivot at 0.7750-0.78 has accelerated through the diagonal support at 0.75.
Now watch the band 0.7- 0.7255.
Note well the additional Fibonacci support at 0.7255.
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