- EUR/USD has traded fairly steadily higher after reversing from a key Gann level related to last year’s high around the middle of the month
- Our near-term trend bias is positive on the euro while above 1.0760
- The highs from last week around 1.1040 remain a clear upside attraction/reaction zone
- A very minor turn window is eyed tomorrow
- Only weakness below 1.0760 would turn us negative again on the euro.
Sunday, March 29, 2015
EUR/USD nears key upside pivot
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euro trading strategy
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Any views/ forecasts/ suggestions, though preferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
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