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Euro/Ronbo *PIC*

Here is the Euro. Note the pattern is matching the previous significant selloff period last Nov. Price topped out and then sold off breaking 1st price support and then bouncing back to a falling 20ema just like now along with a rolling over 50ema. Very similar pattern which is confirmed with the same RSI 21 pattern breaking below the 50 line and holding below in bear territory. Keep in mind if thinking 'short' that price as of Friday is now over a full point away from that falling 20ema and it could bounce back and tag it again. But it is a much improved trade for shorting for sure. Seasonal trends show the Euro's weakest month is June that tends to sell off through. Even the bull years only chart shows a weak to flat June.

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Euro/Ronbo *PIC*