Friday, 28 March 2014

EUR/USD slips below 1.38

Technical Analysis EUR/USD slips below 1.38 “Our positioning analysis suggests that markets remain slightly long EUR on the net basis, offering plenty of scope for rebuilding short EUR and long USD positions.” - BNP Paribas (based on CNBC) Pair’s Outlook Regardless of the weekly and monthly technical indicators that remain bullish, EUR/USD plunged beneath the support at 1.38. The Euro is currently testing the 55-day SMA at 1.3730, but this level is also reinforced by the 100-day SMA and....

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