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EURUSD TECHS: Approaching The 20-Day EMA

EURUSD TECHS
  • RES 4: 1.1076 High Apr 1 2022
  • RES 3: 1.1033 High Feb 2 and key resistance
  • RES 2: 1.0940 High Feb 3
  • RES 1: 1.0839/0930 Intraday high / High Mar 23
  • PRICE: 1.0728 @ 10:15 GMT Mar 24
  • SUP 1: 1.0697 20-day EMA
  • SUP 2: 1.0672 50-day EMA
  • SUP 3: 1.0608 Low Mar 17
  • SUP 4: 1.0516 Low Mar 15 and the bear trigger

EURUSD is trading lower today as the pair extends the pullback from Thursday's 1.0930 high. Price is through 1.0760, Mar 15 high and attention turns to support at 1.0697 (20-day EMA) and 1.0672 (50-day EMA). A break through this support zone would expose the recent low at 1.0516 on Mar 15. Key short-term resistance is at 1.0930 - a break would reinstate the recent bull theme and signal scope for a climb towards 1.1033, the Feb 2 high.

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