Thursday, 27 March 2014

EUR/USD declines from weekly PP

Technical Analysis EUR/USD declines from weekly PP “It seems the ECB is concerned about disinflation a bit more than the market had been led to believe. The ECB seems to be trying to adjust market expectations as the euro has gained.” - Barclays (based on CNBC) Pair’s Outlook EUR/USD remains trapped between the resistance at 1.3846/31, represented by the weekly PP and 20-day SMA, and the down-trend support line. And while most long-term technical indicators continue giving ‘buy’ signals, on....

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