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EUR/USD Analysis: Watch out for a rebound from rising trend line support

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD fell to a low of 1.1188 after a series of explosions in Brussels killed at least a 34 people and injured over 100 triggered a flight to safety and a broad based demand for the USD. Rise in EUR/GBP cross helped the pair trim losses to trade above 1.12, but hawkish comments from Fed’s Evans (a renowned dove) kept the bid tone around USD intact and ensured the spot closed on a weaker note at 1.1216 levels. Technicals – consolidation likely, short-term top in place at 1.1342 Euro is

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