EUR/USD: Even though we take into account a less liquid market thannormal, Friday’s price action, with the up-thrust peak abovethe prior peaks and 61.8% Fibo resistance, clearly is aninteresting development and even more so if today will endbelow 1.3688 (a bearish engulfing candle then created). Alsoa possible severe bear divergence has caught our eyes andso does the fact that the pair has a tendency of declining inJanuary (9 down and 6 up since the intro of the €).
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