Start the week of March 21, 2022 with our Forex forecast focusing on major currency pairs here. forextrading
The euro rallied most of the week, gave back some of the gains, and now looks as if it is trying to break higher yet again. The 1.12 level above is the absolute “ceiling in the market” that I see, so more than likely we will see sellers coming in on the attempted breakout. However, if we do get a daily close above the 1.12 level, then it is possible that we are going to turn everything right back around. On the downside, I see the 1.08 level as a major support level.
this is a market that is going to be choppy, but even though we have seen quite a bit in the way of bullish pressure, we still have not broken the downtrend.The British pound has rallied rather significantly last week and closed at the very top of the range., and if we can break above the ¥158.50 level, it is possible that we could go looking towards the ¥160 level.
That being said, this is also an area where you would expect the sellers to step back, but this is a very stout candlestick. Unfortunately, we have seen this happen before where the market shot straight up to this area and then pulled back. I am speaking specifically of the October 10 candlestick from last year.The US dollar shot straight up in the air against the Japanese yen yet again last week, and the situation here looks as if it has gotten a bit overdone.
The 1.30 level underneath should offer a nice floor in the market, but if we were to break down below there, it could open up a move down to 1.28. Breaking above the 1.32 level opens up the possibility of a move to the 1.34 handle.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
More Than 30 Companies to Start Making Pfizer's COVID PillNearly three dozen companies worldwide will soon start making generic versions of Pfizer’s coronavirus pill, the U.N.-backed Medicines Patent Pool that negotiated the deal said.
Weiterlesen »
Warm start to the weekend; Stormy on SundayNice start to the weekend. Storm rolls in Saturday night and pushes through the state Sunday.
Weiterlesen »
Clubhouse's new Wave update makes it easier to start a room with friends who are onlineClubhouse is now introducing a Wave Bar feature that lets you know who is online and to start a room with them.
Weiterlesen »
Galaxy Note 20 series now start getting the One UI 4.1 updateOne UI 4.1 brings plenty of improvements to Galaxy phones. Galaxy Note 20 and Note 20 Ultra are now receiving the update.
Weiterlesen »
Rattlers shake off slow start, roll to season-opening win over Duke CityIt wasn't the prettiest beginning for the Rattlers to start a season. Their first two touchdowns were scored without the offense involved.
Weiterlesen »
Austrian start-up Deus Automobiles teases new electric hypercarAustrian start-up brand Deus has teased its new electric hypercar. Read all the latest details on CAR Magazine.
Weiterlesen »