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 Technical Analysis for EURO

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for EURO   Fri Mar 07, 2014 8:30 am



Technical Analysis for EURO

The EURUSD had a bullish momentum yesterday topped at 1.3872. The bias is bullish in nearest term testing 1.3900 – 1.4000 area especially if price able to stay consistently above 1.3850 and the ascending triangle formation. Immediate support is seen around 1.3800. A clear break below that area could lead price to neutral zone in nearest term testing 1.3750 or lower but any downside pullback is normal and overall I prefer a bullish scenario at this phase. Fundamental focus today will be on the US NFP report.
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