- Weekly chart is currently forming right shoulder of a big SHS top.
- Neckline is at 1.3195.
- Markets seem to be nearing a climactic decision on survival of the European union. Guess a downside break of 1.3195 = unequivocal vote for breakup of the EU.
- Am short EUR/USD and waiting to sell more on the break.
- IF SHS scenario is correct, downside potential is to the order of some 1950 pips (1.125).
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