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EUR/USD: rangebound; supported by trend-line

By Forex4youCurrenciesMar 27, 2014 06:59AM ET
www.investing.com/analysis/%D0%A0%D0%BE%D1%81%D1%81%D0%B8%D0%B9%D1%81%D0%BA%D0%B8%D0%B5-%D0%B5%D0%B2%D1%80%D0%BE%D0%B1%D0%BE%D0%BD%D0%B4%D1%8B-%D0%B2%D0%BE%D0%B7%D0%BE%D0%B1%D0%BD%D0%BE%D0%B2%D0%B8%D0%BB%D0%B8-%D1%81%D0%BD%D0%B8%D0%B6%D0%B5%D0%BD%D0%B8%D0%B5-207613
EUR/USD: rangebound; supported by trend-line
By Forex4you   |  Mar 27, 2014 06:59AM ET
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The EUR/USD pair remains range-bound. It has fallen to the lows of the range in the 1.3740s, finding support there from a major trend-line drawn from the July 2012 lows. The support appears to be holding currently and there is a possibility of a bounce. The primary short-term down-trend remains intact and likely to extend. A decisive break below the 1.3747 lows would probably confirm a continuation to the next target at the 50-day MA and the monthly pivot situated at 1.3710 and 1.3700 respectively. A move back up within the range would probably reach 1.3820 initially, where it would encounter resistance from the underside of the major trend-line drawn from the 2008 highs.

EURUSD27
EURUSD27

EUR/USD: rangebound; supported by trend-line
 

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EUR/USD: rangebound; supported by trend-line

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