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EURUSD remains within 65pip range, awaiting ECB rocket-fuel
Whichever way the Euro breaks tomorrow hopefully the volatility will justify the hype tomorrow's release has received so far. Since the Bearish Outside day beneath 1.39 the Euro has continued to unwind, amid its most bearish decline since Nov '13. However you can also see that bearish momentum is waning and last week produced a Rikshaw Man Doji to suggest pending strength (or sideways trading) as the markets await the ECB Rate decision tomorrow. Non-Comms have been Net short Euro for 2x consecutive weeks as they load up on their short, anticipating aggressive ECB action tomorrow. This should come as no surprise as ... (full story)