Free Trial

Approaching 1.2000

EURUSD TECHS
  • RES 4: 1.2084 High May 1. 2018
  • RES 3: 1.2051 3% Upper Bollinger Band
  • RES 2: 1.2011/25 High Sep 1
  • RES 1: 1.1988 0.764 proj of Nov 4 - 9 rally from Nov 11 low
  • PRICE: 1.1985 @ 11:00 GMT Nov 30
  • SUP 1: 1.1885 Low Nov 26
  • SUP 2: 1.1800 Low Nov 23 and 50-day EMA
  • SUP 3: 1.1746 Low Nov 11 and key near-term support
  • SUP 4: 1.1711 Low Nov 5

EURUSD is holding onto recent gains and is edging higher today. The pair has cleared key resistance at 1.1920, Nov 9 high. The clear breach reinforces current bullish conditions and exposes the 1.2000 handle ahead of 1.2011, this year's high print on Sep 1. Key trend support remains 1.1746, Nov 11 low. A break would reverse the trend direction and expose 1.1603, Nov 4 low. Initial firm support lies at 1.1800.

To read the full story

Close

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.