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This is in strong bearish momentum.While the euro may be experiencing oversold conditions, there are good reasons to sell it. The slowdown is serious and extends beyond the first quarter. Draghi may be more dovish in his speech, weighing on the common currency. In the US, things are not perfect and the greenback may be overbought, but the economy is doing much better than in Europe and the Fed remains on course to raise rates.i remain bearish in this pair.
