EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – March 30, 2018

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Published: Mar 30, 2018, 09:55 UTC

EUR/USD The pair initially tried to rally during the Thursday's session but failed to move higher and rolled over to test its support at 1.23 level. This

EUR/USD

The pair initially tried to rally during the Thursday’s session but failed to move higher and rolled over to test its support at 1.23 level. This level is an important level in the overall uptrend as buyers are trying to pull this market from here. The 1.21 level underneath continues to be a strong support level and also acting as a floor of this market. Given enough time, this market will find enough bullish pressure to continue moving higher. …Read More

GBP/USD

The British Pound failed to move higher during the yesterday’s session and drifted lower reaching down towards the 1.4040 level. By doing so, the market is likely to test the 1.40 level underneath which is a major support level before moving higher. A break above 1.41 level will be a bullish sign and will send this market much higher. ANd, if it breaks below the 1.40 level, then 1.38 level will be watched for. …Read More

AUD/USD

The AUD found enough bullish pressure to reach towards the 0.77 level during the Thursday’s session after chopping below 0.77 level in previous day’s session. The market is likely to move higher and a break above 0.7750 level will be a bullish move for the market. The sentiments around the gold will also have a major influence on this pair and should be watched for. …Read More

USD/JPY

The USD moved slightly lower reaching towards the 106.50 during the yesterday’s session as the market was quite a bit extended from previous day’s rally. The market is likely to move further higher from here as the 106 level is providing enough support to this market and break above 107 level is required for the market to continue moving higher. …Read More

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Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.