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Daily Market Our View 24/03/2016

EUR/USD

Short position below 1.124. Target 1.112. Conversely, break above 1.124, to open 1.1305.

Comments: The pair remains under pressure. Further weakness favored.

GBP/USD

Short position below 1.4235. Target 1.405. Conversely, break above 1.4235, to open 1.43.

Comments: The pair is expected to resume descend after correction.

USD/JPY

Long position above 111.8. Target 112.95. Conversely, break below 111.8, to open 111.35.

Comments: The pair is expected to resume advance after correction.

AUD/USD

Short position below 0.757. Target 0.7475. Conversely, break above 0.757, to open 0.761.

Comments: The pair remains under pressure. Further weakness favored.

GOLD

Short position below 1237. Target 1212. Conversely, break above 1237, to open 1244.

Comments: The pair is expected to resume descend after correction.

CRUDE OIL

Short position below 41.85. Target 39.35. Conversely, break above 41.85, to open 42.55.

Comments: The pair remains under pressure. Further weakness favored.

DOW JONES

Long position above 17360. Target 17580. Conversely, break below 17360, to open 17300.

Comments: The pair is expected to resume advance after correction

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