Free Trial

EURUSD Gains Expose The Bear Channel Top

  • A bullish short-term condition in EURUSD remains intact for now.
  • The pair has recently traded through both the 20- and 50-day EMAs.
  • This signals scope for a continuation higher near-term and attention is on the bear channel top.
  • The channel is drawn from the Dec 28 high and represents the next key resistance.
  • Initial firm support to watch has been defined at 1.0650, May 1 low. A break 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.