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Fresh Trend High

EURUSD TECHS
  • RES 4: 1.2380 2.00 proj of Nov 4 - 9 rally from the Nov 11 low
  • RES 3: 1.2359 3.0% Upper Bollinger Band
  • RES 2: 1.2353 High Apr 20, 2018
  • RES 1: 1.2310 High Dec 30
  • PRICE: 1.2291 @ 05:14 GMT Dec 31
  • SUP 1: 1.2224 Trendline support drawn off the Nov 4 low
  • SUP 2: 1.2163/30 20-day EMA / Low Dec 21
  • SUP 3: 1.2105 Low Dec 11
  • SUP 4: 1.2059 Low Dec 10 and key support

EURUSD maintains a firmer tone and yesterday extended this week's climb. We have recently highlighted that the daily trend condition is overbought and this suggested the pair is due a correction. The break higher though puts this on hold. The resumption of the uptrend signals scope for 1.2353, Apr 20, 2018 high ahead of 1.2359, a Bollinger band ceiling. On the downside key trend support lies at 1.2130, Dec 21 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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