FxWirePro: GBP/USD recovers but bears are not done yet again 
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/AUD eases slightly but trend is still bullish 
FxWirePro: GBP/NZD remains buoyant, looks to extend gains 
FxWirePro: USD/CNY gains some ground but bearish outlook persists 
FxWirePro: USD/ZAR sustains gains as uptrend remains strong 
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level 
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 
FxWirePro: GBP/NZD range to extend until there is game changing news 
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone 
- The euro surged against the British pound as the euro gained strengthened across the board.
- The pair broke above major resistance at 200-DMA, but struggled to extend gains above it.
- Sterling continues to remain on the downside as money markets in Britain priced in at least 25 basis points rate cut by the BoE when it next meets on March 26 and nearly 50 basis points of cuts by the end of the year.
- EUR/GBP is trading 0.3 percent up at 0.8667, having hit a high 0.8766 earlier, its highest since October 14.
- Momentum indicators are bullish: RSI strong at 64, MACD supports upside and Stochs are at oversold levels
- Immediate resistance is located at 0.8743, a break above could take it near 0.8775.
- On the downside, support is seen at 0.8647, a break below could drag it till 0.8621 (7-EMA).
Recommendation: Good to buy on dips around 0.8676 with stop loss of 0.8647, and target price of 0.8743.
