Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bullish Outlook

  • RES 4: 1.0851 High Apr 25
  • RES 3: 1.0787 High May 30 and a key resistance
  • RES 2: 1.0769/74 2.0% 10-dma envelope / High Jun 9
  • RES 1: 1.0736 2.382 proj of the Sep 28 - Oct 4 - 13 price swing
  • PRICE: 1.0612 @ 05:47 GMT Dec 21
  • SUP 1: 1.0528 Low Dec 13
  • SUP 2: 1.0502 20-day EMA
  • SUP 3: 1.0443 Low Dec 7 and a key short-term support
  • SUP 4: 1.0312 50-day EMA

EURUSD is unchanged and remains below last week’s highs. The latest pullback is considered corrective. Last week’s break higher confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on 1.0736, a Fibonacci projection. On the downside, key short-term support to watch is at 1.0443, Dec 7 low, where a break would signal a short-term top. Initial support is 1.0528, the Dec 13 low.

To read the full story

Why Subscribe to


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.