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Citi Confirmed Its EUR/USD 'Day Of Reckoning' Call With A L/T Short Trade
Less than 24 hours ago, CitiFX Technicals issued a warning call for EUR/USD arguing that its “day of reckoning” is not far away as the building blocks are now falling in place. "We are no less convinced than we were at the start of the year that EURUSD is going to head much lower over the coming years. We anticipated this move would already have begun at this stage yet we sit at almost the exact level where we closed 2013," Citi projects. "We may have already peaked with the marginal new high posted at 1.3967 this month but either way we are skeptical of any sustainable move over 1.40 materialising and still ... (full story)
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