EUR/USD Morning Technical Report 3/1/2014
ecPulse
2014-01-03 08:33AM UTC
The pair dropped yesterday and since breaking 1.3715, negativity became favored. Linear Regression Indicators currently tend to make a negative crossover, as RSI broke line 50 to the downside. The referred to catalysts indicates that bearishness will extend to test the key support level of general ascending channel. Breaking 1.3625 will push the pair to the downside towards 1.3560 and perhaps further. Breaching 1.3715 and stabilizing above it will fail the intraday negativity.
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