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Daily Market Our View 28/03/2016

EUR/USD

Short position below 1.12. Target 1.112. Conversely, break above 1.12, to open 1.1235.

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

GBP/USD

Long position above 1.405. Target 1.42. Conversely, break below 1.405, to open 1.3985.

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

USD/JPY

Long position above 112.85. Target 113.8. Conversely, break below 112.85, to open 112.35.

Comments: The pair remains supported. Further advance favored.

AUD/USD

Short position below 0.754. Target 0.7475. Conversely, break above 0.754, to open 0.757.

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

GOLD

Short position below 1224. Target 1208. Conversely, break above 1224, to open 1200.

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

CRUDE OIL

Short position below 40.7. Target 37.9. Conversely, break above 40.7, to open 41.25.

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

DOW JONES

Long position above 17300. Target 17550. Conversely, break below 17300, to open 17240.

Comments: The pair remains supported. Further advance favored.

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