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Major Currency Pairs : March 10, 2016

Published 03/10/2016, 05:10 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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GBP/USD
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USD/JPY
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EUR/USD

Current level - 1.0972

EUR/YSD Chart

Still in the broad consolidation pattern below 1.1067 resistance and while 1.0910 support holds, the outlook will remain positive, for a rise towards 1.1195 area. The intraday bias is slightly negative, for a slide towards 1.0938 lows.

resistance intraday intraweek 1.1067 1.1190 1.1190 1.1375 support intraday intraweek 1.0938 1.0824 1.0938 1.0770

USD/JPY

Current level - 113.58

USD/JPY Chart

A reversal has been confirmed at 112.22 and the outlook is bullish above 113.10 support, for a rise towards 114.54 high.

resistance intraday intraweek 113.80 115.17 114.54 116.00 support intraday intraweek 113.10 111.00 112.22 110.00

GBP/USD

Current level - 1.4216

GBP/USD Chart

The consolidation pattern is still underway, with an initial resistance at 1.4240 and key support at 1.4110-30. Although there is an intraday risk of another dip towards 1.4130, the overall outlook remains positive, for a rise towards 1.4400 area.

resistance intraday intraweek 1.4282 1.4237 1.4400 1.4400 support intraday intraweek 1.4170 1.4020 1.4130 1.3820

EUGERMANY30

Current level - 9714

UGERMANY30

The intraday bias here is negative again, for another attempt towards 9590 major support area. Initial resistance lies at 9840, followed by the key area around 9925.

resistance intraday intraweek 9840 9920 9920 10160 support intraday intraweek 9590 9350 9590 9120

US30

Current level - 17042

US30

The index is caught in the tight range between 16910 and 17125 levels and only a clear break through the lower boundary will expose 16730 support zone.

resistance intraday intraweek 17100 17125 17125 17250 support intraday intraweek 16910 16160 16730 15970

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