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September 13, 2019 | Major Bottom in EUR/USD?

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

We went long EUR/USD during the ECB press conference on Friday, after the 1.0924 low was tested within 1 pip at 1.0925. We suspect a MAJOR low is in place for the euro. Below is our daily Elliott Wave view for the EUR/USD. Mr. Drahgi opened the floodgates. Gave the market what it wanted. Yet the euro rallied sharply. This must at this point be considered great price action relative to the news.

091319 eur daily.png

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September 13th, 2019

Posted In: Black Swan Currency Currents

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