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EUR/USD Collapse Continues
•EUR/USD falls to lowest level since January of 2006 •Gold nearing important upside pivot •Why 2000 looks so important for the S&P 500 •EUR/USD has come under renewed pressure this morning to trade at its lowest level since January of 2006 •Our near-term trend bias remains lower in EUR/USD while below 1.2000 •The next important action/reaction zone looks to be around 1.1750/80 •A medium-term turn window is seen later this week I use square root relationships heavily in my analysis because for whatever reason there is often a sort of “gravitational pull” towards them. This phenomena has been ... (full story)