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EURUSD TECHS: Trend Needle Points North

EURUSD TECHS
USForeign Exchange Technical AnalysisCEEMEABulletGlobalForeign Exchange BulletsRegionNorth America
  • RES 4: 1.1229 High Jul 20 2023
  • RES 3: 1.1150 High Jul 27 2023
  • RES 2: 1.1139 High Dec 29 2023 and a key resistance
  • RES 1: 1.1047/1084  High Aug 14 / High Dec 29 2023
  • PRICE: 1.0987 @ 16:37 BST Aug 15
  • SUP 1: 1.0903 20-day EMA
  • SUP 2: 1.0856 50-day EMA
  • SUP 3: 1.0778 Low Aug 1 and a key support
  • SUP 4: 1.0736 Low Jul 3 

EURUSD traded higher Tuesday and Wednesday as the pair extends this week’s bull phase. Resistance at 1.1008, the Aug 5 high, has been cleared and this confirms a resumption of the uptrend. Sights are on 1.1084, the Dec 29 ‘23 high. Note moving average studies remain in a bull-mode set-up, highlighting a rising trend condition. Initial support to watch lies at 1.0903, the 20-day EMA.   

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  • RES 4: 1.1229 High Jul 20 2023
  • RES 3: 1.1150 High Jul 27 2023
  • RES 2: 1.1139 High Dec 29 2023 and a key resistance
  • RES 1: 1.1047/1084  High Aug 14 / High Dec 29 2023
  • PRICE: 1.0987 @ 16:37 BST Aug 15
  • SUP 1: 1.0903 20-day EMA
  • SUP 2: 1.0856 50-day EMA
  • SUP 3: 1.0778 Low Aug 1 and a key support
  • SUP 4: 1.0736 Low Jul 3 

EURUSD traded higher Tuesday and Wednesday as the pair extends this week’s bull phase. Resistance at 1.1008, the Aug 5 high, has been cleared and this confirms a resumption of the uptrend. Sights are on 1.1084, the Dec 29 ‘23 high. Note moving average studies remain in a bull-mode set-up, highlighting a rising trend condition. Initial support to watch lies at 1.0903, the 20-day EMA.