Monday, March 30, 2015

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains neutral for the moment. Recovery from 1.0461 is expected to be limited by 1.1096 resistance and bring down trend resumption. Below 1.0461 will extend recent down trend to next fibonacci level at 1.0283. Nonetheless, decisive break of 1.1096 will indicate near term reversal and bring stronger rebound.



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