Beware of robber banks (RB), bad advisors.
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Should we trust the rebound in EUR/USD?
Monday’s sharp reversal in EUR/USD following Renzi’s defeat in the Italian referendum may have caught many by surprise. Pundits are wondering whether the EUR has bottomed out (and the USD has topped out) at least for the near-term. Chart experts say Monday’s candlestick is the exact opposite to the one seen on November 9.The pair dropped 400 pips or so following the November 9 candle. Given, the Monday’s candle is the exact opposite of the November 9 candle… should we expect the pair to rally to 1.12 (400 pips or so from Monday’s close of 1.0756). Sell the rally… as Monthly chart looks bearish Looking ... (full story)
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- Edited 2:36pm Dec 7, 2016 2:25pm | Edited 2:36pm
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Beware of robber banks (RB), bad advisors.