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FX levels to watch – EUR/USD, GBP/USD, AUD/USD

FX levels to watch – EUR/USD, GBP/USD, AUD/USD
админ
20/03/2018

f57cd04b023c9970c83f1b2a8dff6f14 - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

Source: Bloomberg

EUR/USD bounce slows down

EUR/USD’s bounce off the lows at $1.2250 appears to be running out of steam, with the downtrend from the February high still intact.

If a new lower high is created then we look to $1.2250 and then $1.2165 as downside targets.

EUR/USD chart

307dfdb4026201a27ac7a90a28539163 - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

GBP/USD rally struggles with barrier

News of a transition deal between the UK and EU prompted another rally here for GBP/USD, but for now the $1.4070 level remains a barrier.

Above this, $1.4145 comes into play. A turn lower would target $1.3943 and then $1.3836.

GBP/USD chart

b1b750359669ec68692950739b9c1018 - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

AUD/USD fails to hold constant rebound

There has been little sign of a sustained rebound here for AUD/USD, although the price continues to hold $0.7694.

If this breaks, then $0.7473 – $0.7519 come into view as potential areas of support, with $0.7654 along the way. Any rebound that fails to clear $0.7920 would still mark a higher low in the current downtrend. 

AUD/USD chart

061f64675d2a58b8c37fc91d6404683a - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

Source

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news
20/03/2018
админ
Related ItemsEURforexFXGBPpricetriggerUK

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