GMT EST SYDNEY TOKYO INDIA DUBAI LONDON NEW YORK

   EUR USD   1.4046      GBP USD   1.6292      USD JPY   82.0800      USD CHF   0.9242      EUR JPY   115.0800      AUD USD   1.16449      GOLD (XAU)   1443.45      SILVER (XAG)   36.6525  

 

K K Phlox

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Research

  •  -Euro Dollar retreat from 3-week high at 1.3835 on Friday has been contained at 1.3700/10 support area, on early Asian session, where, the pair fond support to appreciate afterwards, to regain lost ground reaching fresh highs at 1.3845 area.

    Technical indicators are pointing higher, according to K K Phlox technical research sees the pair heading to key level 1.3860: " The cross picked up bullish momentum, and approaches to 1.3860, early February monthly high, with 4 hours chart showing a strong 20 SMA acting as dynamic support now around 1.3760, and indicators back north above their midlines."

    On the downside, breach of 1.3760 support would ease bullish pressure,  "While immediate support now lies around 1.3810. Still, only below 1.3760 the pair could turn short term bearish, and test back the 1.3700 price zone."

 
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