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EUR/USD Technical report chart of 11.3.2014
Yesterday we saw Euro/Dollar trade in a very tight 37 pip range as the consolidation that I had expected began to take hold. The move through $1.3892 last week was a major escape however daily momentum may be a bit stretched and with the absence of any market moving knowledge announcements yesterday the monetary unit has stalled. The drift lower has continued nightlong and also the initial support at $1.3852 has been tame early European commercialism.
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