Just a quick note, the euro is plunging. Take a look: It’s already plunged this morning to the bottom of the recent trading range.
A further crack of the dashed lower support line – which should occur later today or Monday – will do considerable technical damage to the euro …
Sending it tumbling towards 1.10 and lower.
Conversely, the dollar (not shown) is soaring this morning. Gold (not shown) is down further, another $5 and has just bounced off the $1,305 level of support, creating a double bottom. Double bottoms are not bullish. They can create another bounce, but then they give way to still lower prices.
Hold all positions and related stops.
Best,
Larry
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