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EURUSD Daily Forecast: March 17

Share It:: 03/16/2010 08:00

EURUSD Forecast:
The EURUSD had a bullish momentum yesterday, topped at 1.3782 and closed at 1.3771. This fact should keep the bullish scenario targeting 1.3850 intact. The technical evidence that price is in a potential bullish momentum even reversal after touched the triple bottom formation seems stronger now especially if price able to break above 1.3850 area today targeting at least 1.4020/50 area this week. Immediate support at 1.3740 area. Break below that area should lead us back into no trading zone testing 1.3650 area but as long as price still move inside the bullish channel the bullish scenario remains intact.

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History

03/16/2010	Daily Forecast for Crosses: March 17
03/16/2010	GBPUSD Daily Forecast: March 17
03/16/2010	USDJPY Daily Forecast: March 17
03/16/2010	USDCHF Daily Forecast: March 17
03/16/2010	EUR/USD Daily Review 16 March 10

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