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EURUSD 2017-03-12


Recent polls indicating that Macron is gathering support for the upcoming French elections in may month averts the risk of a Frexit, however uncertainty still hovers around the stability of the Eurozone this year. Now that the Fed is anticipated to raise rates three possible scenarios exist for the EURUSD in the short-term future.

1) Fed holds rates as is which will lift the EURUSD to 1.0800 resistance level.
2) Fed raises rates and indicates two more rate rises in 2017 will drive the EURUSD down to 1.0400 level.
3) Fed raises rates and indicates three more rate rises in 2017 will drive the EURUSD down to 1.0250 level.

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