In last day trading the EUR/USD slide considerably, and the pair remains in the spotlight today.
Going short on the pair seems to be what most analysts agree on.
The latest support levels are 1.3398, 1.3411 and 1.3434.
The latest resistance levels are 1.3470, 1.3483 and 1.3506.
Now for the Today’s Trading Tip:
The Dow Jones tumbled during last day trading session on poor economic data and due to the feeling in the markets that U.S. stocks were overbought.
However, the index could make a bullish comeback in the coming hours of trading.
The latest support levels are 13,019.50, 13,069.50 and 13,099.50.
The latest resistance levels are 13,179.50, 13,229.50 and 13,259.50.
This morning’s losses are due to U.S. President Barack Obama and U.K. Prime Minister David Cameron discussing releasing emergency crude oil supplies from last day.
In addition, Saudi Arabia continues to point out that it can placate any concerns.
This has all been compounded with weak Chinese economic data and the forecast for a slowdown in the Chinese economy as a whole.
Taking all of this into account, opening up Put options in the crude oil binary option looks to be a wise choice today.
The AUD fell following the preliminary reading of an index showing that China’s manufacturing may slide for the fifth consecutive month in March.
The AUD/USD pair is trading significantly lower this morning by 0.6 percent at $1.0395.
It dropped 0.7 percent earlier on to the $1.3083 level, the lowest the AUD/USD pair has been since January 20.
With commodities forecast to decline and with a stronger dollar projected, the Australian dollar is likely to make further declines versus its main currency counterparts.
So you can use the news to your benefit – Earn up to 91% per option…
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Well this is all for now…
Enjoy and happy profitable trading 🙂 peace…