"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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EUR/USD: Spotlight Stays On 55-d Avg; AUD/USD: Topping - Credit Suisse
The spotlight in EUR/USD stays on the 55-day average at 1.3778, notes Credit Suisse. "Should we see a direct breakdown through here and 1.3738, this should open up a retest of the 1.3673/43 price lows. This remains key to setting a larger top – a bear "wedge" – a break below which can target 1.3563 next," CS projects. "Above 1.3826/33 is needed to ease the immediate pressure off the 55-day average for 1.3866, then 1.3906, and through here to target key resistance at 1.3967/1.4004 – the March high/"wedge" trend resistance," CS adds. "We continue to look for this to cap, to maintain thoughts of a potential bear ... (full story)