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Bulls Pause For Breath

EURUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • 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: 1.0887 High Jan 18
  • PRICE: 1.0793 @ 05:46 GMT Jan 19
  • SUP 1: 1.0700 20-day EMA
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0533/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0406 3.0% Lower Bollinger Band

EURUSD pulled back again from another new high yesterday, maintaining the sell-on-rallies theme evident over the past week. Nonetheless, the recent move lower is likely a correction and the outlook remains bullish. The recent break of 1.0787, May 30 2022 high, maintains the bullish price sequence and MA studies continue to highlight a bullish backdrop. Sights are on 1.0913, a Fibonacci projection. Initial firm support is at 1.0700, the 20-day EMA.

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  • 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: 1.0887 High Jan 18
  • PRICE: 1.0793 @ 05:46 GMT Jan 19
  • SUP 1: 1.0700 20-day EMA
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0533/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0406 3.0% Lower Bollinger Band

EURUSD pulled back again from another new high yesterday, maintaining the sell-on-rallies theme evident over the past week. Nonetheless, the recent move lower is likely a correction and the outlook remains bullish. The recent break of 1.0787, May 30 2022 high, maintains the bullish price sequence and MA studies continue to highlight a bullish backdrop. Sights are on 1.0913, a Fibonacci projection. Initial firm support is at 1.0700, the 20-day EMA.