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EURUSD's powerful long term downtrend
EURUSD ticket up above 1.12 on Monday after better than expected deflation figures. However, Faraday Research suggests its powerful long-term downtrend appears to be kicking in again.
A long period of consolidation dame to an end last Thursday following a raft of strong US economic data which caused EURUSD to break decisively lower. Here, the research firm's Thomas Light explains his thinking.
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