Daily Market Overview: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3090
Daily minimum: 1.3030

EUR/USD continues to trade below an accelerated downtrend and is forming a falling wedge on a 1-hour chart. In the nearest future it is expected to bounce off a support at 1.3033/23 and advance towards 1.3107/32.

Daily Resistance: 1.3066; 1.3107; 1.3145/62.
Daily Support: 1.3040; 1.3023; 1.2967.
Daily Bias: Strongly bearish.
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Wed, 14 Mar 2012 18:47:37 GMT

Daily Market Overview: EUR/JPY

The currency pair has bounced off a confluence of resistances at 109.20/25 and is likely to slide down for the rest of tha day. However, a support area at 108.47/27 (55 and 100 hour ma) should contain dips.

Wed, 14 Mar 2012 09:08:05 GMT

USD/CHF to test 0.9317

In the nearest future the US Dollar is expected to carry on appreciating relative to the Swiss Franc. As a result, USD/CHF is likely to move northwards. The initial goal is at 0.9317, while a subsequent target lies at 0.9595.

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