Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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 Pressure Persists

  • RES 4: 1.1967 50-day EMA
  • RES 3: 1.1947 High Mar 22
  • RES 2: 1.1805/53 High Mar 26 / High Mar 24
  • RES 1: 1.1774 High Mar 30
  • PRICE: 1.1705 @ 05:53 GMT Mar 31
  • SUP 1: 1.1695 38.2% retracement of the Mar 2020 - Jan rally
  • SUP 2: 1.1647 1.50 proj of the Jan 6 - Feb 5 - Feb 25 price swing
  • SUP 3: 1.1603 Low Nov 4 and a key support
  • SUP 4: 1.1543 1.764 proj of the Jan 6 - Feb 5 - Feb 25 price swing

EURUSD remained under pressure Tuesday and has edged lower again today. This week's move lower has resulted in a break of support at 1.1752, 1.236 of the Jan 6 - Feb 5 - Feb 25 price swing. The move lower reinforces current bearish conditions and paves the way for an extension lower towards 1.1694, a Fibonacci projection. On the upside, initial firm resistance is seen at 1.1805, the Mar 26 high.

MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

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.