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  #792 (permalink)

Legendary Market Wizard
Cincinnati Ohio
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For what it worth.. here is my unprofessional analysis and opinion...

I think the Euro is being held up by professionals, iran news, and the price of oil. take a look at the price action for the last week. The price keeps oscillating around 1.30... By all rights it should be lower.... I think it will hang around 1.30 for a while longer...+/- 150 ticks. Once signifigant news comes out and the price crosses 1.28 or 1.32 then we shall see how strong it actually is.

If the news continues to be bad from across the pond the Euro could test 1.18 by the end of the year.


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