With the big break in the EURO (interest rates in US going crazy), I am now looking for the EURO to maybe make a bottom in the 1.3200 range instead. I would like to see a couple of more big down days followed by a sdieways action just like the decline in December of last year. That I think would be a perfect setup.
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I also agree with MT on the idea RACK is setting up around 12 for a swing. It looks like a low risk trade with a lot more upside than downside.
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