Euro down to 1.20???

forexbear

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The trend was not till today, wednesday, declare to down or up. Because of it we can say that the trend continue being sideways, and if we take a look to the 4 hours playforexcomar charts, we can labeled a running triangle, started on june 13, being in progress. A break of the 1.2474 low, tell us that a complex and subdivided wave 3 is on way.
 
Agree... maybe... only if the news from the US is $ positive for the coming month. After todays Interest rate hike it may fall rapidly if the decision is 50bp's. Otherwise other currencies will rise...

Just my opinion of course.
 
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