EUR/USD technical preview March 16, 2015

EUR/USD falling to 12 year lows on diverging monetary policies. Although the EUR is helpless due to the ECB’s 1,2 trillion EUR QE program and uncertainty on Greece funding, some support could be found @ 1,0450 1,0420 and 1,0375. Rallies to 1,0575 1,0600 and 1,0640 offer opportunity for initiating short positions.

EUR/USD 1-hour candles

EURUSD(Hourly)20150315213644

Chart from Investing.com

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