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Bullish Price Sequence

EURUSD TECHS
  • RES 4: 1.1022 3.00 proj of the Sep 28 - Oct 4 - Oct 13 price swing
  • RES 3: 1.0954 High Apr 11, 2022
  • RES 2: 1.0913 2.764 proj of the Sep 28 - Oct 4 - Oct 13 price swing
  • RES 1: 1.0868 High Jan 13
  • PRICE: 1.0830 @ 15:50 GMT Jan 13
  • SUP 1: 1.0647 20-day EMA
  • SUP 2: 1.0486/84 50-day EMA / Low Jan 6
  • SUP 3: 1.0422 3.0% Lower Bollinger Band
  • SUP 4: 1.0394 Low Dec 1

EURUSD trend conditions remain bullish. The pair traded higher Thursday and cleared 1.0787, the May 30, 2022 high and a key resistance. The breach reinforces the bullish theme. This week’s move above 1.0735, the Dec 15 high, confirmed a resumption of the uptrend. The climb opens 1.0913 next, a Fibonacci projection. Key support has been defined at 1.0484, the Jan 6 low. Initial firm support lies at 1.0647, the 20-day EMA.

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