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Hi Rezo,
I think in short term is more important 1.1550 if go down we will see 1.1450, maybe, but for me is not finish because we will see a new rally up and than if possible to reversal (They must complete a wave 5 Weekly and Daily).
1) Now the situation is difference they have a big negative commercial balance;
2) S&P maybe next week we will see a max for this year and we will see a correction.
3) Interest rate short term will be at this level for more time, They must be consolidate the economy.
this is only my opinion we will see (for now I go long with a tight stop).
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Sergio
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