Daily Market Review: EUR/USD

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3254
Daily minimum: 1.3133

After breaking the resistance level at 1.3227, the pair retreated and sharply plunged. Despite predicted bullish tendency, EUR/USD broke a support at 1.3169 and may reach next support level at 1.3121, though the pair currently is struggling at 1.32150/31.

Daily Resistance: 1.3169; 1.3227; 1.3277/85.
Daily Support: 1.3130; 1.3148; 1.3063/59.
Daily Bias: Bullish

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Thu, 22 Mar 2012 19:40:09 GMT

Daily Market Overview: GBP/USD

Regardless of bullish bias suggested by majority of indicators, GBP/USD has managed to pierce through supports at 1.5870 and 1.5818. However, the pair bounced off at 1.5769 and is currently trading within a narrow range - between 1.5802 and 1.5783.

Thu, 22 Mar 2012 10:09:25 GMT

USD/CHF is bullish in the long-term

Being that a tough support at 0.9066 was not breached, the pair is well-placed for gains up to 0.9206/11, penetration of which will pave a way towards 0.9317. Further levels may be found at 0.9342 and 0.9595.

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