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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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Bearish Pressure Persists

  • RES 4: 1.1989/90 High Mar 18 / 11 and the short-term bull trigger
  • RES 3: 1.1988 50-day EMA
  • RES 2: 1.1947 High Mar 22
  • RES 1: 1.1805/53 High Mar 26 / High Mar 24
  • PRICE: 1.1716 @ 19:23 GMT Mar 30
  • SUP 1: 1.1711 Low Nov 5
  • SUP 2: 1.1694 1.382 proj of the Jan 6 - Feb 5 - Feb 25 price swing
  • SUP 3: 1.1647 1.50 proj of the Jan 6 - Feb 5 - Feb 25 price swing
  • SUP 4: 1.1603 Low Nov 4

EURUSD bearish pressure dominated Tuesday as the pair continued to trade lower and in the process clear support at 1.1752, 1.236 of the Jan 6 - Feb 5 - Feb 25 price swing. Tuesday's price action reinforces current bearish conditions and paves the way for losses to 1.1711 next, Nov 5 low ahead of 1.1694, a Fibonacci projection. On the upside, initial firm resistance is seen at 1.1805, the Mar 26 high.

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