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Day: March 19, 2016
March 192016
Weekly Forex Technical Analysis (Mar 21 — Mar 25)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0819 1.0938 1.1103 1.1223 1.1388 1.1508 1.1673 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0950 1.1126 1.1234 1.1411 1.1519 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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March 192016
Less Hawkish Fed Makes Week Miserable for Dollar
The US dollar has ended the week on a weak footing, being the biggest loser among major currencies. The reason for the underwhelming performance was the monetary policy announcement from the Federal Reserve. The Fed did not announce any changes to its policy, making no surprise to market participants. Yet the central bank found the way to shock markets as it scaled back the outlook for monetary tightening, predicting fewer interest rate hikes compared […]
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