EUR/USD Technical Analysis 01.03.2012

Amy Forex

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The EUR/USD prices closed below its 100-monthly moving Average at 1.3385, which may play a strong resistance to any attempt to price rises.

Today and tomorrow US data release may send a mixed signals to the markets and the currency pair may take any direction. However, the prices may test 1.3253 before any rebound.

We recommend that our traders avoid excessive risk taking and put Stop Loss in place to avoid uncertainty of the market.

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