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FxWirePro-Major European Indices 
- USD/TWD is currently trading around 30.76 marks.
- It made intraday high at 30.81 and low at 30.69 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.00 marks.
- A daily close above 30.76 will drag the parity up towards key resistances around 30.85, 31.02, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 30.68, 30.45 and 30.39 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan stocks open down 0.1 pct at 9,774.08 points.
- Taiwan will release industrial output data at 0800 GMT.
We prefer to go short on USD/TWD around 30.80 with stop loss at 30.85 and target of 30.63/30.45/30.39.
