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EUR/USD Weekly Analysis ( March 13-17)

Daily chart analysis
The EUR/USD currency pair has increased, but the price is still below EMA 200. A possible next target as a retracement might be Fibo 50% ( 1.0814), then Fibo 61%( 1.0928). The MACD is positive and the stochastic oscillator indicates an uptrend in the short term.

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8 hour chart analysis
The price on EUR/USD is above EMA 200 and this indicates an uptrend in the medium term. The uptrend will continue until at least Fibo 50% (1.0818), when it will close an intermediate gap. The MACD also indicates a positive trend for this currency pair.

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