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EUR/USD Classical 03.23

EUR/USD Classical 03.23

2011-03-23 05:51:00
Joel Kruger, Technical Strategist
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EURUSD_Classical_body_eur.png, EUR/USD Classical 03.23

EUR/USD:The market remains very well bid with the latest surge back above 1.4000 opening the next upside extension towards key resistance from November 2010 at 1.4280. Look for a test of this level over the coming sessions, while ultimately, only a break and daily close back below 1.4140 would take the immediate pressure off of the topside.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

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