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EURUSD Under Pressure Outlook for 01 March 2016

February 29, 2016 11:52 pm

Today EURUSD pair was in bearish trend and move lower 1.0858 due to negative eurozone CPI (YoY) of February. Furthermore U.S Pending Home Sales (MoM) (Jan) also negative to -2.5% from 0.9%, so the pair under pressure. As per overall outlook tomorrow pair will move to near resistance level 1.930 to 1.962, after this move correction is expected.

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