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Approaching Key Resistance

EURUSD TECHS
  • RES 4: 1.1185 High Mar 31 2022
  • RES 3: 1.1076 High Apr 1 2022
  • RES 2: 1.1033 High Feb 2 and key resistance
  • RES 1: 1.1005 Intraday high
  • PRICE: 1.0991 @ 05:41 BST Apr 13
  • SUP 1: 1.0911/0849 Low Apr 12 / 20-day EMA
  • SUP 2: 1.0788 Low Apr 3
  • SUP 3: 1.0765 50-day EMA
  • SUP 4: 1.0713 Low Mar 24

EURUSD maintains a bullish tone and is through 1.10. This solidifies the breach of last week’s 1.0973 high on Apr 4 and reinforces bullish conditions. Attention is on resistance at 1.1033, the Feb 2 high and a bull trigger. A break would open 1.1076, the Apr 1 2022 high. On the downside, key short-term support lies at the 20-day EMA, at 1.0849. A break of this average would undermine the bull theme and expose 1.0765, the 50-day EMA.

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