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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Corrective Cycle

EURJPY TECHS

Corrective Bounce

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Corrective Cycle Still In Play

EURUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.1076 High Apr 1, 2022
  • RES 3: 1.1054 1.236 proj of the Oct 13 -27 rally from the Jan 6 low
  • RES 2: 1.0940/1.1033 High Feb 3 / High Feb 2
  • RES 1: 1.0816 20-day EMA
  • PRICE: 1.0695 @ 16:07 GMT Feb 7
  • SUP 1: 1.0669 Low Feb 7
  • SUP 2: 1.0667 50-day EMA
  • SUP 3: 1.0634 Low Jan 9
  • SUP 4: 1.0484 Low Jan 6 and a key support

EURUSD started this week on a bearish note, trading lower Monday and extending the pullback from last week’s high of 1.1033 on Feb 2. Price has breached the 20-day EMA to suggest scope for an extension lower. The move down is considered corrective but an extension would open 1.0667, the 50-day EMA and a key support. 1.1033 is the bull trigger, a break would confirm a resumption of the uptrend.

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  • RES 4: 1.1076 High Apr 1, 2022
  • RES 3: 1.1054 1.236 proj of the Oct 13 -27 rally from the Jan 6 low
  • RES 2: 1.0940/1.1033 High Feb 3 / High Feb 2
  • RES 1: 1.0816 20-day EMA
  • PRICE: 1.0695 @ 16:07 GMT Feb 7
  • SUP 1: 1.0669 Low Feb 7
  • SUP 2: 1.0667 50-day EMA
  • SUP 3: 1.0634 Low Jan 9
  • SUP 4: 1.0484 Low Jan 6 and a key support

EURUSD started this week on a bearish note, trading lower Monday and extending the pullback from last week’s high of 1.1033 on Feb 2. Price has breached the 20-day EMA to suggest scope for an extension lower. The move down is considered corrective but an extension would open 1.0667, the 50-day EMA and a key support. 1.1033 is the bull trigger, a break would confirm a resumption of the uptrend.