Free Trial

Delta-Hedged Jul Call Buyer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Focus Is On The 50-day EMA

  • RES 4: 1.2048 2.0% 10-dma envelope
  • RES 3: 1.1990 High Mar 11 and a key resistance
  • RES 2: 1.1939 50-day EMA
  • RES 1: 1.1927 High Apr 8
  • PRICE: 1.1889 @ 05:50 GMT Apr 12
  • SUP 1: 1.1861 Low Apr 8
  • SUP 2: 1.1795 Low Apr 6
  • SUP 3: 1.1738 Low Apr 5
  • SUP 4: 1.1704/1695 Low Mar 31 / 38.2% of the Mar 2020 - Jan rally

EURUSD traded higher last week and is trading closer to recent highs. The pair is once again trading within its bear channel range drawn off this year's Jan 6 high - the channel base was breached in March. Gains are still considered corrective though with the next firm resistance at 1.1939, the 50-day EMA. A clear break of the average would be bullish and signal scope for an extension higher. Initial support is 1.1861, Apr 8 low.

To read the full story

Why Subscribe to


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.