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EUR/USD Forecast Weekly 25 Mar 13

EUR/USD Forecast Weekly 25 Mar 13
Sunday, March 24th, 2013 @ 11:15 am by The Geek

Simultaneous Release at Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders.

In the previous EUR/USD forecast we noted that the 1.3 line remains pivotal to the currency pair’s price action. The RSI on the daily suggested that the bearish pressure was weakening.


Technical Analysis

Looking at the daily EUR/USD chart above, we note that a forex gap happened. Again as I said over the years, forex gaps can happen anytime and hence ensure that proper money management is always there.

Despite a bearish dip, the EUR/USD had climbed back towards the 1.3 line. I love it when my chart works! 1.3 remains pivotal to the price action indeed. A look at the RSI suggests again that bearish momentum may be fading.

Don’t miss the fundamental analysis
continue on to for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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