FOREX Trend and Signal For Today: 28th March

FOREX Trend For Today:

EUR/GBP this week based on the imbalance between the components of pairs. Attempts to consolidate above two significant highs this year were unsuccessful, and the gain rate of the pound against the U.S. dollar has had a major influence on the formation of reversal pattern. Today is already falling 1.5% from the March peak. This suggests the increasing probability of a compensatory model. Rate reached a significant support level 0.8267, which was formed at the end of February. Stop depreciation on this level is a new starting point for further development of one of the models. Priority in the current environment remains depreciation, however, in the case of large demand, pay close attention to the possibility of obtaining better prices for sale tool. On the upside, resistance becomes a major fault 0.8320-0.8329 day. This zone will be both an obstacle to growth and levels where you can get great sale in the event of renewed depreciation. Correction model of education is as follows.

FX Signal For Today

AUD/USD has given a perfect breakout after forming Head&Shoulder pattern in Daily Chart. AUD/USD is trending bullish with strong momentum  It has also crossed 200 Day moving Average from below. Next resistance level is at 0.9450 with support at 0.8883. Please see the technical Chart for AUD/USD below-

AUD/USD Technical Chart