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Euro technical outlook: EUR/USD short-term trade levels
Euro’s post-FOMC rally faltered at resistance last week with the reversal now searching for support along the March uptrend. These are the updated targets and invalidation levels that matter on the EUR/USD short-term technical charts heading into the close of the month. chart Technical Outlook: In my last Euro Short-term Technical Outlook we noted that EUR/USD has set the, “monthly opening-range is now set just below resistance at the yearly open / 38.2% Fibonacci retracement of the February decline at 1.0704/24.” A topside breach last week fueled a rally into uptrend resistance before pulling back with Euro ... (full story)