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EUR/USD Price Action For March 18

The EURUSD broke yesterday the local support and tested the middle line of an up channel. Rejected from there, the price rallied to 1.3945 where it found a resistance. During the past trading hours, can be seen that it moved sideways between the resistance specified earlier and a local support at 1.3917. A break bellow the support could mean another test on 1.3900. A false breakout down or a direct rejection might signal another rally that could target the 1.3965 high.

EUR/USD Price Action For March 18 by