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Message: [QUOTE="FxGrow Support, post: 124570, member: 34135"] [B][SIZE="4"]FxGrow Fundamental Analysis – 24th March, 2017[/SIZE][/B] [I]By FxGrow Investment Research Desk[/I] [B][SIZE=5]EUR/USD Guarding Tuesday's Gains Ahead of Local Data[/SIZE][/B] EUR/USD inaugurated Friday's trading sessions with aggressive selling and lost -26-pips after clocking a high 1.0786. The pair peeked to 1.0819 on Monday and prolonged additional 5-pips on Tuesday over arousing political optimism driven by Netherlands recent elections and French polls claiming Macron ahead of Le Pen ( Anti EU). However, the political optimism was jinxed by stingy reviving U.S Index today with a 99.79 high today. Yesterday, U.S unemployment claims were negative with 258K compared to 241K on previous sessions but markets were focused on Yellen speech, and as always, Yellen will always be Yellen with her vague hints. Markets were expecting a support for U.S Index justified by Yellen timing and collapsing U.S Index, but the lady didn't even comment on monetary policy. Eyes today are shifted towards Trump health care program which should boost U.S Dollar up or down, depending on the final outcome. Today, EU economic pocket is heavy from French and Germany, services and manufacturing PMI, which will give an estimate on how the EU economy is heading and it's health. [B][COLOR="#008000"]Fundamentals :[/COLOR][/B] 1- EUR - French Flash Manufacturing and services PMI today at 8:00 AM GMT. 2- -EUR - German Flash Manufacturing and services PMI today at 8:30 AM GMT. 3- EUR - EU Flash Manufacturing and services PMI today at 9:00 AM GMT. 4- USD - Core Durable Goods Orders today at 12:30 PM GMT. [B][COLOR="#0000FF"]Technical :[/COLOR][/B] Trend : Bullish Sideways Resistance levels : R1 1.0790, R2 1.0822, R3 1.0843, R4 1.0866 Support levels : S1 1.0744, S2 1.0705, S3 1.0662, S4 1.0635 Remark :Currently the pair is still considered bullish due to weaker U.S Dollar with sideways options due to the ebb and flow between EUR and USD. The above variety of economic news will decide how cable trend will settle in the coming hours. Keep an eyes on U.S index with coloration of U.S data and Trump health care voting today. [I][SIZE="1"][B]Note:[/B] This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.[/SIZE][/I] [/QUOTE]

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