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After deliberate currency depreciation by the heads of European leaders, EURUSD is recovering. The monthly declines ended with an intense rebound which in its form outlined a possible oRGR pattern on the chart. I am writing that it is possible because the formation has to be completed in order to be considered, until then it is only a plan. We had a similar situation on Crude Oil, RGR almost book-like, but the last condition was not met and investors who tried to enter the trend reversal scored losses (some considerable because they invested without orders to hedge SL)

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