Look at the 480 Min chart of Euro. The Gap-up on Monday (candle X) resulted in the global market rallying. The candle next to it was an engulfing one. The following one at “B” conformed the Engulfing and the fall continues. If Euro breaches 1.2521, we might see a disaster in currencies, commodities and stocks. The fall similar to that occurred in DOW few days back cannot be ruled out. We must be extremely cautious…
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