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Yesterday, on a burst of volume, the ProShares UltraShort Euro ETF (EUO) formed a bullish reversal candle and closed near session highs. EUO offers two possible long entries. The first possible long entry could occur if EUO rallied above the two day high of $22.16. Alternative, EUO could offer a potential buying opportunity if it were to sell off further and reverse at its 50-day MA. We will continue to monitor EUO for a possible buy entry.

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