EUR Trading Outlook (28-03-2014)

AUD/USD: Another close above the 200 DMA and 50% of 0.9758-0.8660 has the bulls increase their confidence. A rally above 0.9285 resistances sit 0.9300/10 then the 61.8% Fib at 0.9339. Long term bulls will be eyeing their target to late November high at 0.9448.

EUR/USD: The pair slid to a low of 1.3728 before bouncing back up a little bit. US equity market added pressure on EUR again and the pair sat just above 1.3735 late in the day. Bids are touted in the 1.3705/25 area where the March 5 low, 55 DMA and 50% Fib of sentiment sour. Below 1.3700 would lead up to a test of 1.3640/70 where the Feb 27 low, 21 WMA & TL off the July low sit.