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EUR/USD Price Action For March 14

The Euro dropped suddenly yesterday, mainly because the risk aversion triggered by the problems in Ukraine. A second reason would be the fact that Draghi suggested the euro is getting too strong and will hurt the economic recovery of the Euro Area. These combined with some good economic indicators from the US triggered a big drop for the EURUSD. My expectations are of a throwback to 1.3900 before hitting new lows around 1.3800, where it will also find the main trend’s line.

EUR/USD Price Action For March 14 by