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03-02-2010, 08:12 PM
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EUR/USD Bounces Following Retracement Below Feb Lows
Technically speaking, the EUR/USD faces multiple downtrend lines along with 2/26, 2/23, and 2/17 highs. As for the downside, the EUR/USD has several uptrend lines serving as technical cushions along with intraday lows. Meanwhile, the psychological 1.35 area could continue to have an impact on price movements.
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