Yahoo Finance Forex Daily Outlook – March 18, 2019
EUR/USD
The Euro initially rallied during Friday’s session but witnessed strong resistance at the 1.3333 level and pulled back a bit. As ECB not considering on any rate hikes for at least a year or even longer, the pair will continue to experience pressure on every rally. Given this case, the market will continue to consolidate and if the pair get a massive break down, then 1.12 level underneath will offer strong support. …Read More
GBP/USD
The British Pound rallied higher during Friday’s session, breaking above the 1.3250 level and reached towards the 1.33 level. The delay of Brexit will continue to support the market higher, and break above resistive 1.3333 level would send the pair towards the 1.35 level. The market will continue to attract plenty of buyers underneath with 1.32 and 1.30 levels offering strong support. …Read More
AUD/USD
The market gained significant momentum during Friday’s session, breaking above the much resistive 0.71 level. If the pair succeeds to break above the 50 Day EMA slope, then it can easily reach higher towards the 0.7250 level. If the momentum of the market reverses, then 0.70 level underneath should offer strong support to the market and on the monthly chart, it reaches down to the 0.68 level. …Read More
USD/JPY
The USD pulled back a bit during Friday’s session, as the pair experienced strong resistance at the 111.80 level. The resistance in the pair extends up to the 112 level and given the weak momentum of the market, it will continue to experience difficulty breaking above. The pair has strong support at the 111 level, and if it breaks down, then it can reach towards the 109 level or much below. …Read More
This article was originally posted on FX Empire
