EURUSD; Bearish Price Action In Progress
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Jan 31 2014
The EURUSD has turned down from above 1.3700 area where we labeled end of an expanded flat formation that now shows signs of completion after sharp fall down to 1.3500. Current decline is showing signs of an impulsive price action so we suspect that EURUSD is heading much lower. Trend is down as long as 1.3683 remains in place.
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