Free Trial
USDJPY TECHS

Downdraft Dents Outlook

US TSY OPTIONS

Second Half Option Roundup

EURGBP TECHS

Bearish Focus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bearish Focus

EURUSD TECHS
  • RES 4: 1.0787 High May 30 and a reversal trigger
  • RES 3: 1.0628/0774 50-day EMA / High Jun 9
  • RES 2: 1.0600/15 Bear channel top from Feb 10 high / High Jun 27
  • RES 1: 1.0545 20-day EMA
  • PRICE: 1.0459 @ 06:13 BST Jul 1
  • SUP 1: 1.0383/0359 Low Jun 30 / Jun 15
  • SUP 2: 1.0350 Low May 13 and bear trigger
  • SUP 3: 1.0341 Low Jan 3 2017 and a key support
  • SUP 4: 1.0233 1.382 proj of Feb 10 - Mar 7 - 31 Price swing

EURUSD maintains a short-term bearish tone and nearby key support levels remain exposed. Recent weakness means that resistance at 1.0600 is intact. This is the top of a bear channel drawn from the Feb 10 high. While price trades below this channel top, short-term conditions are bearish and the focus is on 1.0350, May 13 low and a bear trigger. For bulls, a breach of 1.0600 would alter the picture and highlight a bullish channel breakout.

158 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.0787 High May 30 and a reversal trigger
  • RES 3: 1.0628/0774 50-day EMA / High Jun 9
  • RES 2: 1.0600/15 Bear channel top from Feb 10 high / High Jun 27
  • RES 1: 1.0545 20-day EMA
  • PRICE: 1.0459 @ 06:13 BST Jul 1
  • SUP 1: 1.0383/0359 Low Jun 30 / Jun 15
  • SUP 2: 1.0350 Low May 13 and bear trigger
  • SUP 3: 1.0341 Low Jan 3 2017 and a key support
  • SUP 4: 1.0233 1.382 proj of Feb 10 - Mar 7 - 31 Price swing

EURUSD maintains a short-term bearish tone and nearby key support levels remain exposed. Recent weakness means that resistance at 1.0600 is intact. This is the top of a bear channel drawn from the Feb 10 high. While price trades below this channel top, short-term conditions are bearish and the focus is on 1.0350, May 13 low and a bear trigger. For bulls, a breach of 1.0600 would alter the picture and highlight a bullish channel breakout.