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Major Currency Pairs : February 24, 2016

Published 02/24/2016, 07:43 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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GBP/USD
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USD/JPY
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EUR/USD

Current level - 1.0982

Forex Technical Analysis on EUR/USD


The bias is still negative, as the pair is currently testing 1.0980 support zone. A break through the latter will extend losses to 1.0900 minor support. Key resistance lies at 1.1070.

resistance intraday intraweek 1.1070 1.1494 1.1140 1.1500 support intraday intraweek 1.0980 1.0980 1.0900 1.0770

USD/JPY

Current level - 111.88

Forex Technical Analysis on USD/JPY


The intraday outlook is neutral, as trading remains caught in the tight range between 111.60 and 112.70. Crucial on the upside is 113.40.

resistance intraday intraweek 112.70 114.30 113.40 115.96 support intraday intraweek 111.60 111.00 111.00 110.00

GBP/USD

Current level - 1.3930

Forex Technical Analysis on GBP/USD


The downtrend is still intact, heading towards 1.3800 hurdle. Intraday resistance is projected at 1.4060.

resistance intraday intraweek 1.4060 1.4790 1.4237 1.4950 support intraday intraweek 1.3900 1.3800 1.3800 1.3650

EUGERMANY30

Current level - 9228

Forex Technical Analysis on EUGERMANY30


The slide from 9590 peak is still underway, targeting 9090 support area. Initial intraday resistance lies at 9320 and crucial on the upside is 9460.

resistance intraday intraweek 9320 9920 9460 10160 support intraday intraweek 9200 8510 9090 8510

US30

Current level - 16342

Forex Technical Analysis on US30


The intraday bias is negative after the break through 16500 area and the index is heading towards 16240 support zone. Initial intraday resistance lies at 16480.

resistance intraday intraweek 16480 16980 16670 17000 support intraday intraweek 16270 15300 16000 15300

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