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Home » EURO » EUR/USD Technical Levels for USA Trading Sessions 02/03/2016

EUR/USD Technical Levels for USA Trading Sessions 02/03/2016

The EUR/USD spot currently trades around 1.0850. The immediate support at 1.0845 (61.8% of 1.0517-1.1376) if breach could see the pair test 1.0777 (Jan 21 low). A break lower would open doors for a slide to 1.0720 (76.4% of 1.0517-1.1376). On the other hand, immediate hurdle is seen at 1.0881 (daily high), which if taken out could see the pair test resistance at 1.0946 (50% of 1.0517-1.1376). The pair would need to take out the same to test supply around 1.0982 (10-DMA).

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