CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Breaches Key Short-Term Resistance

EURUSD TECHS
  • RES 4: 1.0862 50.0% retracement of the Jul 18 - Oct 3 bear leg
  • RES 3: 1.0809 High Sep 4
  • RES 2: 1.0764 38.2% retracement of the Jul 18 - Oct 3 bear leg
  • RES 1: 1.0756 High Nov 6
  • PRICE: 1.0744 @ 15:59 GMT Nov 6
  • SUP 1: 1.0652/0602 50- and 20-day EMA values
  • SUP 2: 1.0517/0496 Low Nov 1/ 13
  • SUP 3: 1.0448 Low Oct 03 and the bear trigger
  • SUP 4: 1.0406 50.0% retracement of the Sep ‘22 - Jul ‘23 bull leg

EURUSD traded higher Friday and has started this week on a firm note. Key short-term resistance at 1.0694, the Oct 24 high has been cleared. The break of this hurdle strengthens a bullish case and signals scope for a stronger short-term correction. Attention is on 1.0764, a Fibonacci retracement. Firm support to watch lies at 1.0517, the Nov 1 low. A break of this level would be bearish. Initial support is at 1.0652, the 50-day EMA.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.