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EUR / USD – Technical analysis of the EUR / USD currency pair for March 15

Today at trading in Asia on Monday, the EUR / USD currency pair is trading with a decrease in quotations, remaining within the current support level at 1.1891 with the resistance level at 1.1990. The four-hour chart develops just below the exponential moving averages, showing a slight bearish trend in this market in the short term.

The 21- and 55-day moving averages continue to move lower, but have now slowed slightly and narrowed the divergence, which also demonstrates the bearish potential of this market in the short term.

The technical picture indicates a price correction, as the MACD- histogram moves down to its center line, and the strength indicator of the current movement RSI fell to the 50 line, confirming the neutrality of the current potential of this market in the short term.

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Thus, we intend to stay out of this market today and wait for clearer signals.

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