KrunchieKilleen

EUR/USD has broken out of its Down-channel

FX:EURUSD   Euro / Dollaro
We expected the EUR/USD to have an Upswing, but we did not expect it to go as far as it did, breaking out of our projected Down-trend. Now we must watch to see if the Down-trend is abandoned and an Up-trend started, or if the Down-trend will resume for a few months. The Down-trend will end in a few months anyway, because, by January, perhaps, the long-term uptrend will re-emerge.

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