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Free AccessBears Still In Charge
- RES 4: 1.1968 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: 1.1719 @ 05:49 GMT Apr 1
- 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 is trading closer to recent lows and maintains a bearish theme. This week's move lower has resulted in a break of support at 1.1752, 1.236 projection 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.
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Why MNI
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