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EUR Trading Outlook (01-04-2014)

AUD/USD: A break above 0.93 will have longer-term bulls eye resistance near 0.9450. Pivot point at 0.9210, with support comes in 0.9180 and 0.9150.

EUR/USD: The EZ CPI came in just below the forecast but market reaction was similar to last Germany’s inflation data. EUR/USD rallied from near 1.3725 towards 1.3805 just as NY walked in but slipped to hourly support near 1.3760/65 as offers were holding firmly around 1.3780-10 area.

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