EUR/USD Dips in Reaction to U.S. Data

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03-05-2010, 05:12 PM

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EUR/USD Dips in Reaction to U.S. Data

Technically speaking, the EUR/USD faces multiple downtrend lines along with 3/3and 2/26 highs. As for the downside, the EUR/USD has several uptrend lines serving as technical cushions along with 3/3, 2/26, and 3/1 lows. Meanwhile, the psychological 1.35 area could continue to have an impact on price movements.

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