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EURUSD TECHS

Approaching The Bull Trigger

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Euribor Upside Highlights Thursday Trade

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Bullish Price Sequence Extends

GBPUSD TECHS
  • RES 4: 1.2276 High Aug 10
  • RES 3: 1.2192 200-dma
  • RES 2: 1.2147 High Nov 24
  • RES 1: 1.2141 2.0% 10-dma envelope
  • PRICE: 1.2129 @ 15:29 GMT Nov 24
  • SUP 1: 1.1873 Low Nov 23
  • SUP 2: 1.1698 20-day EMA
  • SUP 3: 1.1577 50-day EMA
  • SUP 4: 1.1500 Round number support

GBPUSD printed another higher high Thursday, extending the recent up trend and extending the bump above the bull trigger. The move cements an extension of the bullish price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode position, highlighting current sentiment. The focus is on 1.2192 next, the 200-dma. On the downside, key short-term support is seen at 1.1698, the 20-day EMA.

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  • RES 4: 1.2276 High Aug 10
  • RES 3: 1.2192 200-dma
  • RES 2: 1.2147 High Nov 24
  • RES 1: 1.2141 2.0% 10-dma envelope
  • PRICE: 1.2129 @ 15:29 GMT Nov 24
  • SUP 1: 1.1873 Low Nov 23
  • SUP 2: 1.1698 20-day EMA
  • SUP 3: 1.1577 50-day EMA
  • SUP 4: 1.1500 Round number support

GBPUSD printed another higher high Thursday, extending the recent up trend and extending the bump above the bull trigger. The move cements an extension of the bullish price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode position, highlighting current sentiment. The focus is on 1.2192 next, the 200-dma. On the downside, key short-term support is seen at 1.1698, the 20-day EMA.