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Euro continues to make a series of lower highs, inside of a multi-year falling channel. The Euro has rallied from the bottom of falling channel (B) to the top over the past four months.
Currently the Euro is breaking support of this four month rally at (1). If history is a decent guide, lower Euro prices will put downside pressure on risk assets. What the Euro does from here could suggest a ton to many investors per how they want to allocate capital!