Price action on EUR/USD, a daily chart of which is shown, continues to languish in consolidation despite a false upside breakout above the top (around 1.3700) of the current short-term trading range earlier in the week. The month of March could likely see continued bearishness for EUR/USD in line with the currently prevailing downtrend. Having just this week reached down to hit a new 9-month low just above 1.3400 support, price could potentially go on to target further support levels to the downside. For more technical analysis on this currency pair,
1 comments:
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