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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBreached Channel Resistance
- RES 4: 101608 High Nov 9, 2021
- RES 3: 1.1558 8.2% retracement of the May ‘21 - Jan 28sell-off
- RES 2: 1.1483 High Jan 14 and a key resistance
- RES 1: 1.1451 High Feb 03
- PRICE: 1.1428 @ 16:45 GMT Feb 3
- SUP 1: 1.1267 Low Jan 2
- SUP 2: 1.1221/1121 Low Jan 1 / Low Jan 28 and the bear trigger
- SUP 3: 1.1070 Low May 29, 2020
- SUP 4: 1.1016 Bear channel base drawn from the Jun 1 2021 high
EURUSD traded sharply higher Thursday. This week’s recovery has resulted in the break of a number of key short-term resistance points. The 20- and 50-day EMAs have been breached and price is through the top of its bear channel that today intersects at 1.1356. A clear break of this channel resistance would signal a more important reversal and open 1.1483, Jan 14 high. Initial support is seen at 1.1267, the Jan 2 low.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.