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Breaches Support At The 50-Day EMA

EURUSD TECHS
  • RES 4: 1.1095 High Apr 26 and key resistance
  • RES 3: 1.1054 High May 8
  • RES 2: 1.0977/1012 High Jun 27 / 22 and the bull trigger
  • RES 1: 1.0897 Low Jun 28
  • PRICE: 1.0843 @ 10:28 BST Jun 30
  • SUP 1: 1.0835/04 Intraday low / Low Jun 15
  • SUP 2: 1.0733 Low Jun 12
  • SUP 3: 1.0667 Low Jun 6
  • SUP 4: 1.0635 Low May 31 and the bear trigger

EURUSD is trading lower today, as the pair extends the recent pullback from 1.0977, the Jun 27 high. Price has cleared support at the 50-day EMA, at 1.0852. This signals scope for a continuation lower with sights on 1.0804 next, the Jun 15 low. The pullback is still considered corrective. A reversal higher would refocus attention on resistance at 1.0977, the Jun 27 high and 1.1012, the Jun 22 high

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