Mar. 24: American session
Tatiana Norkina, an analyst at FBS
In the absence of important economic indicators, trading on the markets is conducted fairly calm. The U.S. dollar index moves laterally with a slight rise at +0.07 %. At the same time major stock indexes fall: S & P500 is currently losing about 0.42 % and the DJIA - 0.15%.
There have been sideways on the currency market. Thus, the pair EUR/USD found support at 1.3760 today and returned to 1.3785 opening levels. GBP/USD consolidates all day over the 1.6480 support, but bears are resistant, so break-down is possible.
Currency pair USD/CHF again attacked the current level of 0.8870, but the forces of the bulls were not enough: the pair was corrected to 0.8840, where the local support is. The bearish attack is gaining momentum on USD/JPY. After the third unsuccessful attempt to break the resistance 102.60, the pair had fallen to 102.15. There may happen a decrease under the figure.