EUR Trading Outlook (16-04-2014)
AUD/USD: Oz slumped to 0.9337 lows before recouping lost ground, heads to the close 0.9352 after bounced off 200-HMA. Support at 0.9325 and 0.9290 zone. Market awaits for Chinese data due in 02:00GMT.
EUR/USD: The pair had been going both ways throughout Europe and NY sessions. The pair held repeated attempts to break the 200 HMA at just under 1.3800, further frustrating the bears that have all but packed it in for the holiday weekend. For now, the pair seems to be unsteady, better wait for further data for better indication on the pair.
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