EUR/USD Daily Forecast - 16 March

Euro spent yesterday's session in a decline going all the way to 1.23 handle around which it finished the session. Decline was mostly caused by much better than forecasted US figures, and with no major data releases from Eurozone tomorrow, focus will again be on US data.  Any type of supportive candles around 1.2260 and 1.2230 area would be short-term buying signal, while resistive candles above 1.2350 and 1.2380 level would be short-term selling opportunity. Read more...

GBP/USD Daily Forecast - 16 March

Sterling went back and forth in the course of the yesterday's session with support around 1.3920 area and resistance above 1.3980 level but it in the end broke lower and finished the session around 1.3930 area. As for tomorrow, we would be focused on US figures. On a short-term basis, we believe that pair will find some amount of support around 1.39 and 1.3880 area initially, while area above 1.40 handle should offer some amount of resistance.


AUD/USD Daily Forecast - 16 March

Aussie fell in the course of the yesterday's session going all the way below 0.78 handle by the end of the day, which is of course a bearish sign. Decline was mostly due to much better than expected US figures and with no major data releases from Australia tomorrow, we woudl again be focused on US reports. Pair is likely to find support around 0.7750 and 0.7730 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.7850 handle.


EUR/USD Daily Forecast - 16 March

From Eurozone, yesterday, only Final French CPI figures were released. In February 2018, the Consumer Prices Index (CPI) was unchanged, following a –0.1% downturn in January. Food prices barely edged down (−0.1%), in the wake of fresh product prices. Those of “manufactured product” decreased again, but less markedly than in January (−0.3% after −2.2%). Services prices slowed down for the second consecutive month (+0.1% after +0.2%). Lastly, energy prices were stable, the decrease in petroleum product prices being offset by a rise in gas and electricity prices. Read more...

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