© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
GOLD TECHS

Corrective Bounce

POLAND

10Y Yield Testing 5.88% Support

EQUITY TECHS

E-MINI S&P (U2): Holding On To Its Recent Gains

CZECHIA

Consumer Confidence Falls To New Lows

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Still Trading Below The Bear Channel Top

EURUSD TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 1.0954 High Apr 11
  • RES 3: 1.0936 High Apr 21 and a key resistance
  • RES 2: 1.0852 High Apr 22
  • RES 1: 1.0778/87 Bear channel top from Feb 10 high / High May 30
  • PRICE: 1.0720 @ 15:52 BST Jun 3
  • SUP 1: 1.0627/0533 Low Jun 1 / Low May 20
  • SUP 2: 1.0461 Low May 18 and19
  • SUP 3: 1.0350 Low May 13 and bear trigger
  • SUP 4: 1.0341 Low Jan 3 2017 and a key support

EURUSD has stabilised and the pair recovered Thursday and held most of the gains into the Friday close. Price remains below the top of a bear channel drawn from the Feb 10 high. The channel top intersects at 1.0778 Thursday and this level marks a key short-term resistance. A break would strengthen bullish conditions and highlight a stronger short-term reversal. The primary trend is down and an extension lower would reinforce a bearish theme and open 1.0533 initially, May 20 low.

157 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.0954 High Apr 11
  • RES 3: 1.0936 High Apr 21 and a key resistance
  • RES 2: 1.0852 High Apr 22
  • RES 1: 1.0778/87 Bear channel top from Feb 10 high / High May 30
  • PRICE: 1.0720 @ 15:52 BST Jun 3
  • SUP 1: 1.0627/0533 Low Jun 1 / Low May 20
  • SUP 2: 1.0461 Low May 18 and19
  • SUP 3: 1.0350 Low May 13 and bear trigger
  • SUP 4: 1.0341 Low Jan 3 2017 and a key support

EURUSD has stabilised and the pair recovered Thursday and held most of the gains into the Friday close. Price remains below the top of a bear channel drawn from the Feb 10 high. The channel top intersects at 1.0778 Thursday and this level marks a key short-term resistance. A break would strengthen bullish conditions and highlight a stronger short-term reversal. The primary trend is down and an extension lower would reinforce a bearish theme and open 1.0533 initially, May 20 low.