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EUR Trading Outlook (14-03-2014)

AUD/USD: The pair broke hourly support near 0.9040 and made to a low of 0.9013 at the 200 hour MA. USD weakness came in later in the day which had the pair recover to above 0.9025. Another long upper wick on the daily candle ahead of 200 DMA could be a warning sign for the bulls.

EUR/USD: The pair cleared the 1.3950 barrier and stops were run to a high of 1.3967. No further gains were seen as EUR/JPY slid off, ECB comment hit the pair hard and tensions in Ukraine. Intra day support at 1.3930/35.

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