Contrary to the major trend of 2014, Ian Coleman from First 4 Trading predicts that there will be aggressive dollar selling in the New Year. As trading now enters into a period of consolidation, a daily wedge formation with a bias towards the downside has appeared on the EURUSD chart, which Ian believes could push prices to USD 1.2850 and even USD 1.31. 

He is also calling for weakness in USDJPY and calling for a move towards USD 114.00. Overall, Ian sees a reversal from the relatively rapid strengthening of USD and the US economy.

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