Bullet Report – Dollar Still Under Pressure
Mar 21, 2016Jeremy ParkinsonFinance
EUR/USD hit 1.1250 in early Asia, but lacks momentum to test/take out 1.1293. The currency pair trimmed gains from 1.1285 to trade around 1.1270 levels. Trading Central prefers long positions above 1.1240 with targets @ 1.1305
GBP/USD finds itself under pressure as it heads towards 1.4410. 1.4470 looks to be the main resistance right now. Trading Central prefers long positions above 1.4400 with targets @ 1.4520
AUD/USD has pushed to new lows for the session and in the process The low has extended to 0.7568. The pair has a key support target at the 0.7547 level. Trading Central prefers short positions below 0.7635 with targets @ 0.7520
USD/JPY dove towards its yearly lows after the Fed’s dovish backtrack on Wednesday.The pair which opened the year just above ¥120.00, is now barely holding above ¥111.00. Trading Central prefers short positions below 112.30 with targets @ 111.00
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