Daily Market Overview: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3251
Daily minimum: 1.3172

Despite the majority of indicators being bullish, EUR/USD has sold off to a confluence of supports at 1.3169/58, where it has managed to regain its upside momentum and commence rallying. The pair is thus expected to attain 1.3276/82 in the near-term and consolidate there.

Daily Resistance: 1.3276/82; 1.3335/55; 1.3405.
Daily Support: 1.3211; 1.3186; 1.3169/58.
Daily Bias: Bullish.

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Tue, 20 Mar 2012 19:44:04 GMT

Daily Market Overview: EUR/JPY

EUR/JPY has been trading flat today as it has been struggling with a resistance at 110.85. Being that the long-term outlook remains bullish, this level should be breached after the pair pulls back to and then rebounds from 110.01.

Tue, 20 Mar 2012 10:02:20 GMT

USD/CHF may approach 0.9066

USD/CHF has the potential to plummet down to 0.9066, which in turn should be able to halt bearish thrust. In order to restore bullish bias the currency pair will have to overcome an initial resistance at 0.9215/24 (20 day ma) first.

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