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Today's Scenario:
Some unexpected volatility occurred yesterday as it did during the fed meeting.But the trend remains unchanged and its DOWN.There is a possibility of bounce attempts into the 27.77-28.05 range after which it must resume the downtrend while a hard drop below the 26.58 would negate such bounce attempts.With the Brussels meeting this weekend volatility could rise during the remaining trading days of this week and possibly even on next Monday.Remain cautious.Support lies at 26.50-26.03 and finally 25.60-25.03.
Have a great trading day ahead.
Some unexpected volatility occurred yesterday as it did during the fed meeting.But the trend remains unchanged and its DOWN.There is a possibility of bounce attempts into the 27.77-28.05 range after which it must resume the downtrend while a hard drop below the 26.58 would negate such bounce attempts.With the Brussels meeting this weekend volatility could rise during the remaining trading days of this week and possibly even on next Monday.Remain cautious.Support lies at 26.50-26.03 and finally 25.60-25.03.
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