Wednesday, March 31st, today’s news—US President Joe Biden to unveil his $2 trillion package for infrastructure recovery. American and European markets are mostly flat, Down slipped from record highs, private payroll data is in focus the US, investors await the eurozone inflation data, Germany posted lower jobless claims, the UK's economy grew above expectations in the late 2020, Asian markets are largely lower. The price of Brent oil is $63.83, WTI—$60.25, EUR/USD is at 1.1724, GBP/USD—1.3779, gold is $1,686.15 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility. EURJPY analysisThe resistance level of 129.91 is holding back buyers. Probably, the ascending pattern is a wave (B) of the descending H8 level pattern. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition. Monitor the price movement in real time. Trading idea: sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending pattern. EURUSD technical analysisThe pair is recovering, most likely, as some positions on the dollar are being closed ahead of the release of employment data from ADP today. If the data is no worse than expected and rise above the forecast of 550,000, Treasury yields will be supported, which will drive up the dollar. Monitor the price movement in real time. Trading idea: sell the pair when it rises, approximately above the 1.1760, due to positive news from the US, with a likely drop to 1.1700. *Trading recommendations offered by
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