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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   Mon Mar 10, 2014 10:52 am



Technical Analysis for EURO

The EURUSD had a bullish momentum last week, slipped above the ascending triangle and hit 1.3914. The bias is bullish in nearest term testing 1.3950 – 1.4000. Immediate support is seen around 1.3850. A clear break below that area could lead price to neutral zone in nearest term testing 1.3800 or lower but any downside pullback now is normal and overall I still prefer a bullish scenario at this phase.
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