Two Trades To Watch: EUR/USD, WTI

The ascending 20 sma at $57.67 offers immediate support and is the level to watch. The 20 SMA support has been unbroken across February. A breach here could negate the current near term uptrend and bring 55.65 the 100 sma into target.

On the upside, $58.50 is offering strong resistance ahead of 59.00 round number and $60 the key psychological level is the target for the bulls.

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