EURUSD had a nice bullish move the week before last. This last week it didn't follow through and the up-move stopped off. This is despite an even higher volume than the previous week and I see this as a clear sign of weakness for the EUR. This might very well be the end of the up-trend for the EUR against the USD. I would bet that the top set this week will last for a considerable time. Considering the strength and momentum in the Yen, I would pick the EURJPY as an excellent short for the week (or weeks) to come.
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