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Wednesday, March 8, 2017

EURO/USD OUTLOOK 03/09/2017



The euro fell all day Yasterday off the 3 am handoff from Asia to Europe at 1.0603. It never got up there again with the high in the US session managing only 1.0588. So far the euro has retraced 62% of the Friday upmove. When a Fib number is met, we need to worry about a halt, or at least a rangey wobble, but never mind—payrolls is almost here. Remember that the dollar often outperforms on the Wednesday ahead of payrolls.


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