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Euro fails to hold above key level - MIG bank

From www1.migbank.com

EUR/USD’s latest mid-March rebound failing to hold above the key level at 1.3290/95 (internal resistance), while also being weighed down by a renewed DeMark™ exhaustion signal. • Only a sustained daily close back above 1.3436/60 unlocks an extended recovery into our upside target zone at 1.3597 (200-day average). • Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to activate an important multi-month reversal pattern into 1.2630 (16 Jan swing low). • Inversely, the USD Index has temporarily dipped lower beneath key support at 79.07 (08 March low), with next ... (full story)

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