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Breaches Resistance At 1.0930

EURUSD TECHS
  • RES 4: 1.1185 High Mar 31 2022
  • RES 3: 1.1076 High Apr 1 2022
  • RES 2: 1.1033 High Feb 2 and key resistance
  • RES 1: 1.0973 High Apr 4
  • PRICE: 1.0951 @ 19:38 BST Apr 4
  • SUP 1: 1.0883/1.0788 Low Apr 4 / 33
  • SUP 2: 1.0774 20-day EMA
  • SUP 3: 1.0714 50-day EMA
  • SUP 4: 1.0631 Low Mar 20

EURUSD maintains a firmer tone and the pair traded higher Tuesday. Price has breached resistance at 1.0930, the Mar 23 high. This level represents a key short-term hurdle for bulls and a clear break reinstates the recent bull theme and signals scope for 1.1033, the Feb 2 high. On the downside, support to watch lies at 1.0774 (20-day EMA) and 1.0714 (50-day EMA). A move through this support zone would be bearish.

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