U.S dollar index is in a bullish streak which spans for the sixth day. The bullish streak looks will extend its record to the seventh day. On the chart, there is strong bullish momentum and the index getting near to 97.50 resistance level. Traders might want to avoid shorting U.S dollar at the current time, at least until the index hit 97.50 and form a bearish pattern. For full outlook for this week, you can follow Forex Outlook For The Week 4-8 March 2019 The pair manage to hold out above 1.1300 for the second day, however, the bear makes sharp push below the support level today. It will be a hard task for the bull to recover the pair above 1.1300 by the end of the day. If the pair closed below 1.1300 then EUR/USD might be open for further selling. Traders could use 1.1300 as the level to take short positions when retest happen. Today critical levels to watch: Support: 1.1300, 1.1200 Resistance: 1.1360, 1.1400 The weakness of GBP/USD repelled by the bull yesterday and resulted in a bounce. The bounce closed near its opening level yesterday. However, the bullish event does not last and today the pair back under pressure. The bear manages to push the pair below 1.3125 at the current time. If the bear could push the pair further lower below Monday low then we could expect GBP/USD to continue its bearish movement toward daily SMA 200. Today Critical level to watch: Support: 1.3125, 1.3000, 1.2800, 1.2625 Resistance: 1.3250, 1.3300, 1.3330 We have the same situation as yesterday in USD/JPY. The pair stick near 112.00 and showing no direction yet. The range shrinks from 50 pip to 30 pip and could shrink further. At the current time, there is no clue yet on the next direction and it is better to wait for momentum movement. Today critical levels to watch: Support: 111.00, 110.50, 110.00 Resistance: 112.00 AUD/USD dropped below blue trendline and confirm the breakout of the triangle range. The pair has lost the hope to stay bullish and currently expected to continue its bearish movement. If a bounce happens at current level then AUD/USD upward movement expected to cap around blue trendline or 0.7160. Today critical levels to watch: Support: 0.7000 Resistance: 0.7080, 0.7160, 0.7200

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