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The Euro is now massively oversold (on hourly, 15-minute and shorter-timeframe charts) and the EC futures have just been slammed under 1.2000 (they've been as low as 1.1980).
Time for another bounce - potenitally only back to 1.200, but perhaps back to 1.2000 on the spot ForEx rate. The decline is overdone in a big way.
