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Strategies & Market Trends : John Pitera's Market Laboratory
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To: rayrohn who wrote (18517)12/15/2016 4:29:02 AM
From: John Pitera3 Recommendations

Recommended By
3bar
Ericeira
Hawkmoon

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It appears to be time to be looking for the EUR/USD to really break down from the 1.05 level... It held it today on the rate hike..... so maybe we hold into next week.... but I believe the 6 week outlook is bearish..

Either way ... rally or break down will impact the numbers going into US multinational earnings forecasts.



And the EUR is proportionately overweighted in the calculations of the USD index.

JP

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