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AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100

NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88

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FxWirePro: EUR/USD upside capped by trend line resistance, good to sell on rallies

Tuesday, March 7, 2017 11:21 AM UTC

Potential Reversal Zone (PRZ) - 1.06600 (trend line joining 1.1299 and 1.08288)
EURUSD got a renewed selling pressure at higher levels around 1.06400. The pair has once again broken the 1.06000 handle. It is currently trading around 1.05769.
The pair’s further jump will happen only above 1.06600 level. Any break above 1.06600 will take the pair till 1.07200/1.07450 level.
On the lower side, major support is around 1.04900 short term low formed at Feb 22nd 2017. Any break below confirms further bearish continuation and any break below targets 1.04500/1.03400. The minor support is around 1.05800/1.05200.

It is good to sell on rallies around 1.06050-1.0610 with SL around 1.0650 for the TP of 1.0520/1.04960

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FxWirePro: EUR/USD upside capped by trend line resistance, good to sell on rallies

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