Daily Market Overview: EUR/USD

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3277
Daily minimum: 1.3136

EUR/USD rallied today and traded above the 1.32 level as German monthly industrial production improved more than expected (1.6% act./1.1% est.).

Daily Resistance: 1.3176; 1.3391; 1.3547.
Daily Support: 1.3109; 1.3092; 1.3036.
Daily Bias: Bearish.
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Thu, 08 Mar 2012 18:23:32 GMT

Daily Market Overview: EUR/JPY

EUR/JPY commenced a bearish correction today on strengthening German industrial production and as economy watchers sentiment in Japan weakened (45.9 act./46.3 est.), causing the pair to hit the daily forecast mean at 106.44.

Thu, 08 Mar 2012 10:22:09 GMT

USD/CHF to aim for 0.9253

The Greenback is likely to recommence strengthening against the Swiss Franc, as USD/CHF has already formed a base at 0.8931. Bullish targets lie at 0.9253 (55 day ma) and at 0.9317, while 0.9088 and 0.9075 underpin the pair from below.

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