EC

The EC is breaking down today towards a very pivotal level, 124.50-80. Initially, that is a buy zone on a daily chart for today, but the early intraday charts are very negative. A break of this level very well could lead to a move to test the Oct low of 1.2351 and 1.2220 below that. I think it can be sold above 1.2550 with a 100 point stop.

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