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EUR/USD Daily Forecast - 27 March

Euro was pushed higher in the course of the yesterday's session going all the way to 1.2450 handle, where it found some amount of resistance but manged to finish the session around this area. As for tomorrow, we expect similar session, with focus on developments between China and USA. Any type of supportive candles around 1.24 and 1.2380 area would be short-term buying signal, while resistive candles above 1.25 and 1.2530 level would be short-term selling opportunity.

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GBP/USD Daily Forecast - 27 March

Sterling broke higher in the course of the yesterday's session going all the way to 1.4230 level despite no major data releases. Incline was mostly caused by overall weakening of the US dollar. As for tomorrow, with no major data releases focus will again be on global developments – China – USA relationship and Brexit.  On a short-term basis, we believe that pair will find some amount of support around 1.4150 and 1.41 area initially, while area above 1.43 handle should offer some amount of resistance.

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AUD/USD Daily Forecast - 27 March

Aussie formed support around 0.77 handle in the course of the yesterday's session and was then pushed higher going all the way to 0.7750 area, around which it finished the session. As for tomorrow, with no major data releases we expect similar session with focus on commodity prices. Pair is likely to find support around 0.77 and 0.7680 handle, so these would be our short-term buying points, while we can expect some amount of resistance near 0.78 handle.

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EUR/USD Daily Forecast - 21 March

Euro found plenty of resistance above 1.2350 handle in the course of the yesterday's session and was then pushed sharply down going all the way to 1.2240 level by the daily closing as USD was mostly boosted by tomorrow's rate hike expectations. This will the focus of tomorrow's session as there will be no major data releases from Eurozone. Any type of supportive candles around 1.22 and 1.2150 area would be short-term buying signal, while resistive candles above 1.23 and 1.2350 level would be short-term selling opportunity. Read more...

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