Free Trial

Challenging Resistance At 1.0930

EURUSD TECHS
  • RES 4: 1.1185 High Mar 31 2022
  • RES 3: 1.1076 High Apr 1 2022
  • RES 2: 1.1033 High Feb 2 and key resistance
  • RES 1: 1.0940 High Feb 3
  • PRICE: 1.0931 @ 10:23 BST Apr 4
  • SUP 1: 1.0833/1.0788 Intraday low / Low Apr 3
  • SUP 2: 1.0774 20-day EMA
  • SUP 3: 1.0714 50-day EMA
  • SUP 4: 1.0631 Low Mar 20

EURUSD recovered from Monday’s session low. The pair is trading higher today and price has pierced resistance at 1.0930, Mar 23 high. 1.0930 represents a key short-term hurdle for bulls and a clear break would reinstate the recent bull theme and signal scope for a 1.1033, the Feb 2 high. On the downside, support to watch lies at 1.0774 (20-day EMA) and 1.0714 (50-day EMA). A move through this support zone would be bearish.

To read the full story

Close

Why MNI

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.