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SubTh3ory

EURUSD Gets Ready for a 3,500 PIP Move South

Short
Euro / U.S. Dollar (FX:EURUSD)  
SubTh3ory  
FX:EURUSD   Euro / U.S. Dollar
EURUSD price action Bearish Patterns SELL short Forex measured objective Parallel Channel FLAG
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eurusd price action bearish sell short forex measured objective parallelchannel flag
The EURUSD has been recently trying to retrace after a massive 3,500 PIP drop from May of 2014. During this retracement, a nice Flag/Channel was created and then broken to the down side.
Most recently the bottom of the channel has been retested and it looks like the EURUSD is ready for the repeat of history in one of the greatest free-falls in a while.

The measured objective leaves our target at 0.8225.

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