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Canada Jan Trade Balance C$-3.65 Billion, Dec Balance C$-1.30 Billion (Revised From C$-1.31 Billion)
[Robinhood Announces W Launch] March 12, According To Official Sources, Robinhood Has Launched W
German Foreign Minister Wadephul: Solution To Strait Of Hormuz Issue Can Only Be Achieved Diplomatically
Mercadolibre Shares Fall 2.4% Premarket After Jp Morgan Cuts To Neutral From Overweight, Slashes Pt To Street Low Of $2100
German Foreign Minister Wadephul: Turkey And Germany Have Joint Interest In Preventing Large Migration From Iran
Foreign Minister Says Turkey Against Plans Aimed At Inciting Civil War In Iran And Triggering Conflicts Along Ethnic And Religious Fault Lines
India Government Official: To Release Additional Kerosene, Coal To States For Sale To Consumers
EU Commission Spokesperson: We Have Proposed A Mission To Inspect The Druzhba Pipeline In Ukraine
EU Sees No Immediate Oil Security Of Supply Concerns Due To Iran Disruption- EU Commission Spokesperson

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US President Trump delivered a speech
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No matching data
Key Highlights EUR/USD started a fresh increase above the 1.0750 resistance zone. A short-term rising channel with support at 1.
Key Highlights
EUR/USD Technical Analysis
The Euro started a decent increase above the 1.0750 resistance against the US Dollar. EUR/USD broke the 1.0800 and 1.0820 resistance levels.
Looking at the 4-hour chart, the pair settled above the 1.0800 level, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The pair even climbed above the 1.0850 zone before the bears appeared.
It tested the 1.0880 zone. On the upside, the pair seems to be facing hurdles near the 1.0880 level. The next major resistance is near the 1.0920 level.
The main resistance is now forming near the 1.0950 zone. Any more gains might send the pair toward the 1.1000 zone. On the downside, immediate support sits near the 1.0800 level. There is also a short-term rising channel with support at 1.0800 on the same chart.
The next key support sits near the 1.0765 level. Any more losses could send the pair toward the 1.0750 level. A close above the 1.0750 level could set the tone for another increase. In the stated case, the pair could even clear the 1.0720 resistance.
Looking at GBP/USD, the pair also started a decent increase and the pair even cleared the 1.2880 resistance zone.
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