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Morning technical analysis – 7 April 2014
The euro is looking a little more bullish this morning, having found strong support on Friday around 1.3663, the 61.8% retracement of the move from 3 February lows to 13 March highs. The failure the break below this level could be a sign that the correction seen over the last few weeks has played out but I’m still not convinced. While Friday’s candle looks a little bullish, it’s far from convincing, having still ended the day lower to not even create a hammer, or something similarly bullish. The response this morning while being positive is not indicative of a market that is bullish following the completion of ... (full story)