• EUR/USD was overbought - above peak Bollinger bands - on Wednesday

• Pair has slipped back under the 1.1658 peak of the bands on Thursday

• EUR/USD sank below the influential 200-DMA at 1.1673 on March 3

• A close back above the 200-DMA may reassert the underlying uptrend

• Gold is a great example of why it pays to respect a 200-DMA

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(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)