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Bearish Extension

EURUSD TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 1.1076 High Apr 1
  • RES 3: 1.0998 50-day EMA
  • RES 2: 1.0848/0936 20-day EMA / High Apr 21
  • RES 1: 1.0655/0758 Intraday low / Low Apr 14 - recent breakout level
  • PRICE: 1.0553 @ 17:03 BST Apr 27
  • SUP 1: 1.0515 Low Apr 27
  • SUP 2: 1.0494 Low Feb 22 2017
  • SUP 3: 1.0454 Low Jan 1 2017
  • SUP 4: 1.0390 Low Jan 4 2017

EURUSD remains under pressure and continued its slide Wednesday, trading below 1.0600. The move lower once again confirms an extension of the bearish price sequence of lower lows and lower highs, that defines a downtrend. Further weakness is likely and the focus is on 1.0494, the Feb 22 2017 low. Key short-term resistance has been defined at 1.0936, the Apr 21 high. Initial firm resistance is seen at 1.0758, the Apr 14 low.

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  • RES 4: 1.1076 High Apr 1
  • RES 3: 1.0998 50-day EMA
  • RES 2: 1.0848/0936 20-day EMA / High Apr 21
  • RES 1: 1.0655/0758 Intraday low / Low Apr 14 - recent breakout level
  • PRICE: 1.0553 @ 17:03 BST Apr 27
  • SUP 1: 1.0515 Low Apr 27
  • SUP 2: 1.0494 Low Feb 22 2017
  • SUP 3: 1.0454 Low Jan 1 2017
  • SUP 4: 1.0390 Low Jan 4 2017

EURUSD remains under pressure and continued its slide Wednesday, trading below 1.0600. The move lower once again confirms an extension of the bearish price sequence of lower lows and lower highs, that defines a downtrend. Further weakness is likely and the focus is on 1.0494, the Feb 22 2017 low. Key short-term resistance has been defined at 1.0936, the Apr 21 high. Initial firm resistance is seen at 1.0758, the Apr 14 low.