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Graham Summers’ Weekly Market Forecast (Here Comes Spain Edition)

As expected Francois Hollande won the first round of the French elections. He and Nicolas Sarkozy will run against each other in the second round, which will occur on May 6th. The Euro isn’t taking this news well. As I write this Sunday night the Euro currency futures have gapped down. I’ve added this move to the chart below. 130 remains the line in the sand for the Euro.
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