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Tuesday, 22 March 2016

EUR/USD Quandary

This time last year, many punters were expecting the Euro  to keep falling until it reached parity with the US Dollar. Then on the Ides of March 2015 the trend reversed. Since then EUR/USD  has met a wall of resistance at $1.146. Now on a downswing, we wait to see if its next rebound (from around $1.10) will take it crashing through this wall.

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