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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Approaching Resistance

EURUSD TECHS
  • RES 4: 1.2414 High Apr 17, 2018
  • RES 3: 1.2353 High Apr 20, 2018
  • RES 2: 1.2285 High Jan 8
  • RES 1: 1.2245 High May 19
  • PRICE: 1.2229 @ 06:09 BST May 25
  • SUP 1: 1.2126 Low May 17
  • SUP 2: 1.2052 Low May 13 and key short-term support
  • SUP 3: 1.2057 50-day EMA
  • SUP 4: 1.1986 Low May 5 and key short-term support

EURUSD has started the week on a firmer note and is approaching resistance at 1.2245, May 19 high. The outlook remains bullish following last week's gains. Clearance of 1.2245 would confirm a resumption of strength and open 1.2285, Jan 8 high. On the downside, key short-term support has been defined at 1.2052, May 13 low while initial support is at 1.2126, the May 17 low. A break of 1.2052 would signal a top.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com