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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Bullish Focus

EURUSD TECHS
  • RES 4: 1.2386 2.0% 10-dma envelope
  • RES 3: 1.2305 1.764 proj of Nov 4 - 9 rally from Nov 11 low
  • RES 2: 1.2293/95 High Apr 23, 2018 / 2.0% Upper Bollinger Band
  • RES 1: 1.2273 High Dec 17
  • PRICE: 1.2242 @ 05:24 GMT Dec 18
  • SUP 1: 1.2178 High Dec 4 and a recent breakout level
  • SUP 2: 1.2125 Low Dec 16
  • SUP 3: 1.2059 Low Dec 10 and key support
  • SUP 4: 1.2040 Low Dec 2

EURUSD extended gains Thursday, adding to this week's rally. The clearance of resistance at 1.2178, Dec 4 high brings to an end a recent period of consolidation and marks a resumption of the underlying uptrend. With bullish conditions intact, attention turns to the next objective of 1.2293, the Apr 23 2018 high. Price has remained above key support at 1.2059, Dec 10 low. A break is required to signal a reversal. 1.2178 marks initial support.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com