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Bulls Remain In The Driver’s Seat

EURUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.1054 High Apr 4 2022
  • RES 3: 1.1022 3.00 proj of the Sep 28 - Oct 4 - Oct 13 price swing
  • RES 2: 1.0954 High Apr 11, 2022
  • RES 1: 1.0927 High Jan 23
  • PRICE: 1.0860 @ 16:32 GMT Jan 26
  • SUP 1: 1.0770/0767 20-day EMA / Low Jan 18
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0595/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0417 3.0% Lower Bollinger Band

EURUSD bulls remain in the driver’s seat, despite the fade in prices through to the Thursday London close. Thursday’s 1.0851 spells an end to the run of higher lows, but the broader uptrend remains in tact for now. Moving average studies continue to highlight positive market sentiment, with sights on 1.0954, the Apr 11 2022 high. The 20-day EMA marks initial firm support - it intersects at 1.0770. A break of the EMA would signal the start of a correction.

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  • RES 4: 1.1054 High Apr 4 2022
  • RES 3: 1.1022 3.00 proj of the Sep 28 - Oct 4 - Oct 13 price swing
  • RES 2: 1.0954 High Apr 11, 2022
  • RES 1: 1.0927 High Jan 23
  • PRICE: 1.0860 @ 16:32 GMT Jan 26
  • SUP 1: 1.0770/0767 20-day EMA / Low Jan 18
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0595/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0417 3.0% Lower Bollinger Band

EURUSD bulls remain in the driver’s seat, despite the fade in prices through to the Thursday London close. Thursday’s 1.0851 spells an end to the run of higher lows, but the broader uptrend remains in tact for now. Moving average studies continue to highlight positive market sentiment, with sights on 1.0954, the Apr 11 2022 high. The 20-day EMA marks initial firm support - it intersects at 1.0770. A break of the EMA would signal the start of a correction.