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EURUSD: How low can it go?

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EURUSD keeps pushing lower with markets focussed on the Euro and with QE expectation rising as the pressure to go further weighs down on ECB President Mario Draghi.

Tom Light from Faraday Research talks us through his chart and explains how low he thinks the pair can go. Tom notes a long-term wedge pattern and expects a break lower to test new lows around 1.22.