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EUR/USD: analysis and forecast on 19.03.2015

Yesterday was calm for the EUR/USD ahead of FOMC's meeting. Only by evening had the pair risen slightly in price. Many thought that FED's comments on an interest rate rise would be more concrete, to no avail. FOMC hinted that a rise would be reliant on further labour market indicators and inflation rate change.    It's worth noting that the dollar was greatly overbought, but did not live up to expectations.  The pair managed to reach a level of 1.1015 after FED's meeting, but got back promptly to a level of 1.0840 which coincides with 38,2% Fibonacci retracement. 

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