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February 19, 2019

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The consolidation down on European equities may be coming to an end. We would see the EuroStoxx 50 rally into mid July and eventually make new tops, before it consolidates down again into August. EUR/USD and Gold could be weakening some and USD/JPY may be resuming its uptrend, which could confirm the trade, Jean-Francois Owczarczak, Director, Management Joint Trust and FinGraphs.com.

 

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