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10.03.202111:43 Forex Analysis & Reviews: Review for EUR/USD on March 10: upward reversal is possible.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 10.03.2021 analysis

EUR/USD

Euro may turn up, following the sharp rise in the US market yesterday.

The S&P 500 jumped by 1.5%, while the NASDAQ Composite soared by 2.5%.

Apparently, investors have recovered from the shock of rising yields and are ready to drive the market to new highs.

For now, open short positions from 1.1990.

Buy when price pulls back at 1.1917.

Jozef Kovach
Analytical expert of InstaForex
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