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The Euro is breaking above a 2-year falling resistance line and breaking above a bullish ascending triangle in the chart above.  This year the news coming from Europe became very negative, did the Euro get oversold? 

Often times a rally in the Euro was a positive message for the stock market. Different this time? Listen to the message from the Currencies or the media and all the hype surrounding the Cliff?

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past