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AUSSIE 10-YEAR TECHS

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Trend Needle Still Points North

EURGBP TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 0.8852 50.0% retracement of the Mar ‘20 - Mar ‘22 bear leg
  • RES 3: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
  • RES 2: 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • RES 1: 0.8661 High Jun 29
  • PRICE: 0.8616 @ 16:46 BST Jun 29
  • SUP 1: 0.8576 20-day EMA
  • SUP 2: 0.8519 50-day EMA
  • SUP 3: 0.8486 Low Jun 9
  • SUP 4: 0.8433 Low May 23

The EURGBP trend needle continues to point north. Moving average studies are still in a bull mode condition and this clearly highlights positive market sentiment. The recent breach of resistance at 0.8619, May 12 high, confirmed a resumption of the uptrend and the focus is on a retest of 0.8721, Jun 15 high and the bull trigger. A break would resume the uptrend. Firm support is at the 50-day EMA - it intersects at 0.8519.

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  • RES 4: 0.8852 50.0% retracement of the Mar ‘20 - Mar ‘22 bear leg
  • RES 3: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
  • RES 2: 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • RES 1: 0.8661 High Jun 29
  • PRICE: 0.8616 @ 16:46 BST Jun 29
  • SUP 1: 0.8576 20-day EMA
  • SUP 2: 0.8519 50-day EMA
  • SUP 3: 0.8486 Low Jun 9
  • SUP 4: 0.8433 Low May 23

The EURGBP trend needle continues to point north. Moving average studies are still in a bull mode condition and this clearly highlights positive market sentiment. The recent breach of resistance at 0.8619, May 12 high, confirmed a resumption of the uptrend and the focus is on a retest of 0.8721, Jun 15 high and the bull trigger. A break would resume the uptrend. Firm support is at the 50-day EMA - it intersects at 0.8519.