FxWirePro: EUR/USD rallies towards 1.1110 levels, but reversal is likely
Tuesday, March 15, 2016 4:38 PM UTC
- EUR /USD pair advanced in today’s US session after buyers stepped in, after data showed US retail sales printed less than anticipated figures in February.
- However, the gains should be limited as the pair is set to come under selling pressure ahead of Wednesdays FOMC meeting.
- To the upside, the strong resistance can be seen at 1.1177, a break above will take the pair towards next resistance level at 1.1223.
- To the downside immediate support can be seen 1.1078 levels, a break below will open gates towards 1.1049 levels.
Resistance Levels
R1: 1.1127 (38.2% Retracement level)
R2: 1.1177 (Daily high)
R3: 1.1223 (23.6% Retracement level)
Support Levels
S1: 1.1078 (Daily lows)
S2: 1.1049 (50% Retracement level)
S3: 1.0970 (61.8% Retracement level)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major European Indices 
