EUR/USD Classical Technical Report 03.27
EUR/USD:The latest break and close above 1.3315 now likely opens the door for fresh upside towards the yearly highs at 1.3590 over the coming sessions. However, we do not see gains extending much further and the market should once again find solid resistance just over 1.3600 by the 200-Day SMA. A break below 1.3190 is now required to relieve top side pressure and put focus back on downside.
--- Written by Joel Kruger, Technical Currency Strategist
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