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Been rangebound for weeks, now has broken down with strong bar and broken fib and 200 sma. Target the lower fib, 100 points profit.
The Aussie has been on a downtrend for a while now and it looks like it is going to resume. If it can break below the blue line we can target the previous low.
Tomorrow should be a quiet day for the pair with little news and a public holiday in Canada and the USD
Nonfarm payroll data tomorrow could well take the EUR into lower depths. The triple bottom has already been broken and despite a rally today, this was likely more due to a sell off. While there has been opportunity for the EUR to regain and restart it's trend, further concerns from Italy and disappointing economic data has prevented the common currency from doing ...