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Major Currency Pairs : March 11, 2016

Published 03/11/2016, 06:01 AM
Updated 03/09/2019, 08:30 AM

Date: 11.03.2016

EUR/USD

Current level - 1.1116

Chart 1

Yesterday's extreme volatility led to a massive rise after 1.0820 low, all the way up to 1.1216 intraday peak. Current pullback should be considered corrective and the outlook is bullish above 1.1067 support, for another leg upwards, to 1.1375.

resistance intraday intraweek 1.1155 1.1216 1.1216 1.1375 support intraday intraweek 1.1067 1.0820 1.0910 1.0770

USD/JPY

Current level - 113.77

Chart 2

My outlook here is counter-trend, for a reversal of the rise and slide towards 112.22 support, en route to 111.00 area.

resistance intraday intraweek 113.80 115.17 114.54 116.00 support intraday intraweek 113.30 111.00 112.22 110.00

GBP/USD

Current level - 1.4259

Chart 3
The bias here is bullish above 1.4238 minor support, for a rise towards 1.4400 area. Crucial on the downside is 1.4115 low.

resistance intraday intraweek 1.4316 1.4237 1.4400 1.4400 support intraday intraweek 1.4238 1.4020 1.4110 1.3820

EUGERMANY30

Current level - 9696

Chart 4

Despite the short-lived break through 9590 support, the bias here remains positive, for a rise towards 10160 resistance area. Initial intraday support lies at 9590.

resistance intraday intraweek 9920 9920 9920 10160 support intraday intraweek 9590 9400 9400 9120

US30

Current level - 17138

Chart 5

The outlook is bullish, for a break through 17170 intraday high, en route to 17400 hurdle. Minor intraday support lies at 17060, followed by 16910.

resistance intraday intraweek 17170 17250 17250 17400 support intraday intraweek 17060 16160 16910 15970

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