VERY TEMPTING TECHNICAL SET UP. WE HAD A MULTI-MONTH TREND LINE BREAK TO THE DOWNSIDE IN THE END OF PAST WEEK. WILL THERE BE ANY FOLLOW THROUGH? I AM EXCITED TO FIND OUT THIS WEEK.

WE HAVE FULL OF EVENTS TAKING PLACE FROM THE EUR ZONE THIS COMING WEEK - EURO COMPOSITE PMI, EUROZONE CONSUMER CONFIDENCE ETC.. ALSO, EQUALLY BUSY, IT'S GOING TO BE ON THE US SIDE TOO - DESPITE MONDAY IS OFF FOR US MARKET....

MIND YOU, AFTER UNEXPECTED RATE CUT IN LAST NOVEMBER BY ECB - MARKET EXPECTED SOME KIND OF FOLLOW UP ANNOUNCEMENTS FROM ECB ABOUT FURTHER STIMULUS PROGRAMS, WHICH WOULD WEAKEN EUR CURRENCY, BUT IN PAST FEW SESSION ECB HAS BEEN SOUNDING PRETTY HAWKISH - I WONDER THERE WOULD BE ANOTHER SURPRISE...

LETS STAY TIGHT AND SEE HOW IT UNFOLDS.... I PREFER EURUSD SHORT THIS WEEK.

GOOD LUCK TRADING GUYS!

...ANIL.
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