Currency snapshot (major pairs)

This week is once again almighty dollars, as it continues to rally against all the majors (EUR, GBP, CHF, and JPY).  This week's performance at a glance in chart and table -

• Euro continues to break lower at a frenzied pace not considering support at levels. ECB president Mario Draghi welcomed the fall in Euro at a speech in Euro group meeting defending ECB's monetary policies. France's current account further deteriorated by € -0.3 billion. Portugal's CPI in February fell by -0.1% mom. Euro is currently trading at 1.057, down by -1.26% for the day. Immediate Support lies at 1.054, 1.035 & Resistance 1.081.

• Pound has failed to recover attempt above 1.511 and broke below the support of 1.50. It might lose further if NISER GDP estimate falters tonight. Industrial production deteriorated in UK by -0.1% mom. Manufacturing fell by -0.5% mom. Pound is currently trading at 1.497. Immediate Support lies at 1.485 & Resistance 1.513.

• Yen has failed to gain as follow through over risk aversion abated in today's trading. Machinery orders fell by -1.7% mom. Yen is trading at 121.6; overall stable in today's trading. Immediate Support lies at 119.5 & Resistance 122.

• Franc raced over parity and further closed in to the level before the SNB action in January. Franc is currently trading at 1.008. Immediate Support lies at 0.986 & Resistance 1.02.