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EUR/USD sees monthly close below fibo reinforcing bear bias

Monday, March 2, 2015 7:23 AM UTC

Pair new lows in Asia at 1.1160
Scope seen to 11 year low from Jan 26 at 1.1098
Intraday correcting oversold levels, use upticks as opportunities to get short
Close below long-term 61.8% (1.1212) of 2000/2008 rise reinforces bearishness
Opens the path to 1.0072, the 76.4% retrace

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EUR/USD sees monthly close below fibo reinforcing bear bias

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