- Fed statement on potential QE3 curtailing before labor mkt improves boosts USD
- EUR/USD trips stops through 1.3320/25 & clears bids pre-1.3300 & hits 1.3279
- Bearish outside day if pair closes below 1.3328
- Close below Feb 15 low means consolidation over & test of 1.3245/55 is due
- Daily charts show massive H&S pattern developing, break of 1.3245/55 confirms
- Through 1.3245 & bears have a clear path to 1.3000/40
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