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 Forex Analysis
22

EUR/USD: Temporary Reversal May Be Imminent


I woke up this morning to a spate of new short recommendations on the euro. Following yesterday's recommendation by HSBC to short the EUR/GBP, both Goldman Sachs and Citigroup have followed suit today. The first thought that came to mind when I came across these new recommendations was that these guys are very late to the game. Add to that the Moody's downgrade of Greek debt just moments ago and a temporary bottom for the EUR/USD may be upon us.

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