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EUR/USD Price Action For March 20

The European single currency lost ground in front of the US dollar after the FOMC policy meeting yesterday. The EURUSD price dropped bellow the range support and 200 EMA, but stopped at 1.3815 where it found a very good support level and the up trend line. At this point a close on a 60 minutes chart above 1.3850 could mean a retest on the 200 EMA. A drop bellow the support area market with red would be a bad signal for bulls.

EUR/USD Price Action For March 20 by