EUR Trading Outlook (13-03-2014)
AUD/USD: Range trading still in play, major support 0.8880-90 and resistance at 0.9130.
EUR/USD: The pair initially dropped to a low of 1.3843 but got lifted by German Fin Min Schaeuble’s statement that interest rate levels are too low for the medium term. The pair spiked immediately above 1.3900. Resistance at 1.3930.
NZD/USD: RBNZ decided to increase interest rate to 2.75% this morning, resistance at 0.8552 and 0.8581.
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