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Monday, March 6, 2017

EURO/USD OUTLOOK



The euro rose 125 points from the low on Thursday to the close on Friday, nearly matching the drop of 137 points in the previous move that took four days. It’s not a record reversal by many means but it sure is unusual. A big move like this hardly ever lasts only one day, but overnight the euro managed a high of only 1.0640 vs. the Friday high at 1.0624. The pullback is fizzling and the euro is quoted at 1.0576 around 7 am ET.





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