Forex Trading: EUR/USD Testing Support
The Euro has been under pressure this Asian session, making new lows for March but has still been unable to penetrate the late February lows (1.3445 low for the session.) After being unable to close above the 21 day moving average last week, the pressure has continued to mount against the Euro, even in the face what seems to be negative economic sentiment surrounding the revised US health plan just passed in Congress. The USD has outperformed against the Euro more so than any other major pair and this trend could continue with a break of 0% barrier noted below.
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