Euro...............
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With Oil off its excess inflationary Highs...and a week off ECB/Euro officials setting the tone...a decline in Open Interest for the Euro is the 1st empirical evidence that the Longs are starting to Cover.
Open Interest downturn...decrease in Euro Large Spec Longs hold the Key.
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Open Interest in the Euro Single Currency has begun to have a downturn...and a sharp drop in Volume...along with challenging OI Yearly Highs.......
Eur/Usd has current North High at 1.2997 into a South decline thus far at 1.2953........
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Looking for a North containment at the NT61.8 TimePhib at 1.3028 for a South Reversal decline thru 1.2950<>1.29 for a retest of important support at 1.2850 basis.
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