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31.03.2014 03:07 PM
Intraday technical levels and trading recommendations for EUR/USD for March 31, 2014

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Daily Fixation below 1.3850 gathered significant bearish pressure enough to breakdown the lower limit of the daily bullish channel.

At the end of the previous week, there has been a minor Intraday Demand level expressed at 1.3750 (the depicted uptrend line ) which paused the recent slide off 1.3965.

Four-Hour candlestick fixation above 1.3790 signals a temporary bottom that will target at 1.3850 initially again.

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Price Level 1.3850-1.3870 remains a significant supply zone. It provided a valid SELL entry at the previous retesting on March 24.

On the other hand, failure to fixate above 1.3790 will expose the recent low established at 1.3700.

A slide below which opens the way towards lower lows located at 1.3660 and 1.3640.


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