US CB Consumer Confidence (Mar) jumps to 101.3 , USD sees further upside gains !

USA16 clcy8s min
USA16 clcy8s min

The US CB Consumer Confidence (Mar) has jumped to 101.3 , above expectations 96.0 .This development should boost the US dollar . Let’s see market impact over major pairs :

EURUSD : At the moment the pair is trading below main support at the 1.0766 levels , sustained breakout -daily closing – below this level will print resistance at the 1.0855 levels ,If seen , this is likely to limit any upside move and bring fall resumption , further weakens remain in sight towards the 1.0580 levels …

GBPUSD : The pair has rebounded from support 1.4721 , after strong GDP , anyway ; sideways move within 1.4721/1.4988 is likely ……

USDJPY : Sideways move within 119.58/120.16 range is likely with possible break higher..

USD-INDEX : Short term outlook remains on the upside as long as 97.45/98.16 holds on a 4 hour closing basis , next resistance comes at the 99.75 levels..




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