Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EURUSD TECHS
- RES 4: 1.1821 High Sep 16
- RES 3: 1.17155 / High Sep 22
- RES 2: 11.1706 Bear channel top drawn from the Jun 1 high
- RES 1: 1.1692 High Oct 28
- PRICE: 1.1667 @ 16:10 BST Oct 28
- SUP 1: 1.1582/24 Low Oct 28 / Low Oct 12 and the bear trigger
- SUP 2: 1.1493 50.0% retracement of the Mar '20 - Jan '21 bull phase
- SUP 3: 1.1469 1.236 proj of the Jan 6 - Mar 31 - May 25 price swing
- SUP 4: 1.1371 Bear channel base drawn from the Jun 1 high
EURUSD broke higher Thursday, allowing the current bullish outlook to play out as prices topped the 50-day EMA resistance. A clear break of the average is required to strengthen the case for bulls and note that a second key resistance intersects at 1.1706, the top of a bear channel drawn off the Jun 1 high. A breach of this level would signal a reversal. Key short-term support to watch is at 1.1582, the Oct 28 low.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok