Free Trial

Ended The Week On A Softer Note

EURUSD TECHS
  • RES 4: 1.2414 High Apr 17, 2018
  • RES 3: 1.2353 High Apr 20, 2018
  • RES 2: 1.2285 High Jan 8
  • RES 1: 1.2245 High May 19
  • PRICE: 1.2166 @ 18:03 BST May 21
  • SUP 1: 1.2126 Low May 17
  • SUP 2: 1.2052 Low May 13 and key short-term support
  • SUP 3: 1.2046 50-day EMA
  • SUP 4: 1.1986 Low May 5 and key short-term support

EURUSD ended the week on a softer note. The pair rallied Wednesday to a high print of 1.2245 but has since remained below this high. A break is required to confirm a resumption of strength and open 1.2285, Jan 8 high. On the downside, key short-term support has been defined at 1.2052, May 13 low while initial support is at 1.2126, the May 17 low. A break of the former would signal a top.

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.