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12 Mar 2014
Flash: EUR/USD ready to re-attack 1.39 - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at FXCharts, EUR/USD may soon re-test the 1.39 level.
Key Quotes
"The intra-day bounce off the former range high suggests the pair will re-attack 1.3900 and likely try to break it within the next 24-48 hours. If this level caves, then expect the 'big figure' at 1.4000 to be up next. Traders not yet long can look for a corrective pullback into 1.3820/30, targeting 1.3890 and 1.3990."
Key Quotes
"The intra-day bounce off the former range high suggests the pair will re-attack 1.3900 and likely try to break it within the next 24-48 hours. If this level caves, then expect the 'big figure' at 1.4000 to be up next. Traders not yet long can look for a corrective pullback into 1.3820/30, targeting 1.3890 and 1.3990."