Wednesday's Major Currency Pairs And Stock Indices

 | Apr 08, 2015 06:40AM ET

EUR/USD

Current level - 1.0844

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The downtrend from 1.1036 bottomed preciselly above 1.0800 support and my outlook is counter-trend, for a break through the crucial high at 1.0885, en route to 1.1050 key resistance.

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Resistance: intraday intraweek 1.0885 1.1120 1.1050 1.1450

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Support: intraday intraweek 1.0800 1.0712 1.0712 1.0460

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USD/JPY

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Current level - 119.84

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The bias is negative here after the recent reversal at 120.45 and my outlook is bearish, for a break through 119.40, en route to 118.22 support zone.

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Resistance: intraday intraweek 120.40 122.01 121.00 124.20

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Support: intraday intraweek 119.40 118.20 118.80 115.85

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GBP/USD

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Current level - 1.4865

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My outlook here is bullish, for a break throughh 1.4870, which should initiaite another test of 1.4990 resistance zone. Initial intraday support lies at 1.4800.

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Resistance: intraday intraweek 1.4870 1.4990 1.4990 1.5170

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Support: intraday intraweek 1.4800 1.4737 1.4737 1.4240

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EUGERMANY30

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Current level - 12109

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The bias here remains positive above 120.50 support zone, for a rise towards 12220 area. Crucial on the downside is still 11930 low.

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Resistance: intraday intraweek 12150 12500 12220 13000

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Support: intraday intraweek 12050 11600 11930 11400

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US30

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Current level - 17900

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A reversal has been confirmed at 17986 and the outlook is neutral within the 17820-18012 range.

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Resistance: intraday intraweek 18012 18300 18150 19000

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Support: intraday intraweek 17820 17550 17700 17270

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