Technical Analysis 30/03/2015 European Market Report

EUR/USD

Summary
Target Level 1.1026
Target Period 3 days

Analysis
Ascending Triangle identified at 27-Mar-20:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.103 within the next 3 days.

Supporting Indicators
Upward sloping Moving Average

Resistance Levels
(B) 1.1026 Last resistance turning point of Ascending Triangle.

Support Levels
(A) 1.0801 Last support turning point of Ascending Triangle.

GBP/USD

Summary
Target Level 1.4994
Target Period 3 days

Analysis
Triangle identified at 27-Mar-16:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.499 within the next 3 days.

Resistance Levels
(B) 1.4994 Last resistance turning point of Triangle.

Support Levels
(A) 1.4795 Last support turning point of Triangle.

Source: STO/Autochartist

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