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Hi Kathy, Boris and the team,
I just wanted to ask what is the procentual chance that this leg lower in EUR/USD (that reached 1.3480) is actualy the confirmation of the big turn and the establishment of the multi month top at 1.3680, keeping in mind the FED and the ECB rate decisions and comments? I am asking this because in the beggining of 2005 the 1 week candlestick (the one from 01/10/2005) that apeard after it was obvios that the bulls coudn’t advance any further and a big top was in place, was 500 pips long, from 1.3580 until 1.3030, while this week until now the stick is barely 140 pips long, which posibly shows sign of indetermination. But althought it's small it's going down in an impulsive manner when it can and that shows signs of a significant turn. These two observation seem to contradict themselves so I'm confused of what will happen next.
Thank you and keep up the great work,
Steve
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