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  1. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0773. EUR is moving along projected lines so far & it may advance to 1.0810/15 or 1.0835/50 now. 1.0735/20 is good support area. USD/CHF 1.3792. Dollar ran into resistance near 1.3925 & the expected fall to 1.3775 materialized. Though it seems to have met one target near 1.3775...
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    Daily FX Market Comment 24/3

    EUR/USD 1.0743. Suspected triangle scenario is still valid & EUR looks good for test of 1.0775/80 & above that 1.0815/30 also. Immediate support is at 1.0705/1.0695 & below that 1.0665/50. USD/CHF 1.3833. Dollar weakness is likely to continue & it should be sold off to 1.3785 or 1.3740/35...
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    Daily FX Market Comment 24/3

    EUR/USD 1.0651. EUR went down as expected to test 1.0560 before the rather strong bounce to 1.0700. Picture is unclear & probably a large triangle may be in the making. Short term bounce to 1.0720 or 1.0775/80 cannot be ruled out now. Supports are at 1.0620 & 1.0585. USD/CHF 1.3946. Dollar...
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    Daily FX Market Comment 24/3

    EUR/USD.. .1.0645. Markets continue to be jittery over developments on war front. Still considering this down move as correction which may extend up to 1.0495 below which to 1.0380/65 also. Supports are at 1.0500 & 1.0460. As long as 1.0320 contains the weakness EUR will retain the chances for...
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    Daily FX Market Comment 24/3

    EUR/USD 1.0645. EUR went up to 1.0740 only in late deals on Friday & break below 1.0680 early this morning has turned the picture bearish. It should aim for 1.0600/1.0590 now. Sustained bearishness will lead to fall towards 1.0490 also later. Resistances are at 1.0680 & 1.0700. USD/CHF...
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    Daily FX Market Comment 24/3

    EUR/USD 1.0726. EUR was contained well below 1.0790 yesterday for the suggested drop to 1.0685/90. Short term weakness is expected to be held above 1.0715/00 now for one more rise to 1.0765 or 1.0785/1.0800. Unexpected break below 1.0685 will lead to further fall towards 1.0660 or even 1.0590...
  7. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0776. Break below 1.0805 & more importantly below 1.0775 has dampened the bullish structure. On bigger picture it is a bit early to give up the bullish count. Short term pictures hint at further weakness towards 1.0695/75. Resistances are at 1.0825 & 1.0850. Minor resistance ahead of...
  8. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0889. Basically no change in view. Short term weakness may push EUR down to 1.0865/55 while below 1.0910. On bigger pictures, EUR looks poised for further gains towards 1.0975 or 1.1015/35. Immediate support is at 1.0865 & below that 1.0825/05. USD/CHF 1.3575. Correction is on &...
  9. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0912. Initial signs of EUR having finished its downside correction have appeared. EUR should march towards 1.1015/25 now. Supports are at 1.0860/50 & below that 1.0830. USD/CHF 1.3520. Any corrective rise in Dollar are likely into resistance in 1.3575/90 area for a fall to...
  10. N

    Daily FX Market Comment 24/3

    EUR/USD.. .1.0825. EUR went into consolidation last week & markets continue to be jittery over developments on war front. Still considering this down move as correction & it is a bit early to say if the down correction is over or not.. Supports are now at 1.0500, 1.0460 & 1.0320. As long as the...
  11. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0687. EUR found support above 1.0690 & rose to just under 1.0750 yesterday as anticipated. Now short term weakness may push it down to 1.0650 or 1.0625. Resistance is at 1.0700/10. USD/CHF 1.3831. Dollar’s downside was well contained above 1.3765 itself yesterday. Short term...
  12. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0710. EUR is moving along projected lines so far & should rise to 1.0750/55 now in the short term. Supports are at 1.0685 & 1.0655. USD/CHF 1.3785. Having tested our suggested 1.3880 level yesterday, Dollar should fall to 1.3685 now. Resistances are at 1.3830, 1.3855 & above that...
  13. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0654. Short term drop to 1.0615/10 is now possible while below 1.0680/85. Chances of one more move higher to 1.0730/50 are still alive as long as 1.0590/75 area contains the weakness. USD/CHF 1.3822. Dollar should rise to 1.3865/80 in short term while above 1.3780. USD/JPY...
  14. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0684. EUR as suggested moved up to test 1.0690 so far. Short term pictures argue for further rise to 1.0730/35 or 1.0750/55. Supports are at 1.0640 & 1.0620. Minor support is at 1.0655. USD/CHF 1.3797. Dollar should fall to 1.3745/25. Minor resistance is at 1.3825 & above that...
  15. N

    Daily FX Market Comment 24/3

    24.03.03. 05.40 GMT. EUR/USD.. .1.0605. EUR went down further last week & markets are jittery over developments on war front. Still considering this down move as correction. Supports are now at 1.0500, 1.0460 & 1.0320. As long as the last support contains the weakness EUR will retain the...
  16. N

    Daily FX Market Comment 24/3

    EUR/USD 1.0594. EUR broke below 1.0530 briefly but recovered quickly this morning. Short term pictures look positive for a rise to 1.0620/25 or 1.0640/45 while above 1.0550/40. Some of our Daily Indicators have started giving out some warning signals about being aggressively short as of now...
  17. N

    Daily FX Market Comment 10/3

    EUR/USD 1.0604. EUR could not hold onto the gains above 1.0655 & the break was brief. No change in view. Choppy trading between 1.0530 & 1.0670 is likely to take place for some time. Break of 1.0530 will yield 1.0480/65. USD/CHF 1.3892. No change in view. Choppy trading between 1.3780 &...
  18. N

    Daily FX Market Comment 10/3

    EUR/USD 1.0585. EUR could not break 1.0655 resistance yesterday & was sold off to 1.0535 again. Choppy trading between 1.0530 & 1.0625/30 is likely to take place for some time. Break of 1.0630 & more significantly 1.0655/60 will add a bit of stability to EUR. Break on either side will yield...
  19. N

    Daily FX Market Comment 10/3

    EUR/USD 1.0643. The suggested short term rise to 1.0835/45 materialized day before yesterday before the strong sell off. Such a strong rally in Dollar across the board was not expected. In the short term expect EUR to trade higher to 1.0675/90 or 1.0710/20 while above 1.0590/85. Break of minor...
  20. N

    Daily FX Market Comment 10/3

    EUR/USD.. .1.0825. EUR gave up subtantial part of gains last week & markets are jittery over developments on war front. Still considering this down move as correction & it is a question of time before EUR starts going higher to 1.1125 & 1.1335.Supports are at 1.0660 , 1.0580 & 1.0500...
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