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Forex market reviews

13 March 2019

Market sessions

## anthony

Matthew Anthony

EURUSD: bulls met with resistance around the 112th degree

In 3 days, the bulls have recovered the losses incurred after the ECB meeting on the 7th of March. On Tuesday the 12th of March, the euro rose to 1.1305 against the dollar on the back of a rally on the EURGBP pair as well as a broadly weaker dollar following the release of US inflation data, which fell short of expectations.

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12 March 2019

Market sessions

## anthony

Matthew Anthony

EURUSD: markets await the results of the Brexit vote

On Monday the 11th of March, trading on the EURUSD pair closed up. In the US session, the euro rose to 1.1274 against the greenback. Traders has their eyes on the pound which surged by 300 pips to reach 1.3288 against the dollar ahead of Tuesday’s Brexit vote. The pair bounced from the reversal zone after reaching the U4 line, which is a rare occurrence on the hourly timeframe.

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