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Fresh YTD Highs

EURUSD TECHS
  • RES 4: 1.1274 61.8% of the Jun 1 2021 - Sep 28 2022 bear trend
  • RES 3: 1.1185 High Mar 31 2022
  • RES 2: 1.1076 High Apr 1 2022
  • RES 1: 1.1005 Intraday high
  • PRICE: 1.1052 @ 14:05 BST Apr 13
  • SUP 1: 1.0977 Intraday low
  • SUP 2: 1.0911/0849 Low Apr 12 / 20-day EMA
  • SUP 3: 1.0788 Low Apr 3
  • SUP 4: 1.0765 50-day EMA

EURUSD continues to climb and the pair has breached key resistance at 1.1033, the Feb 2 high. The break reinforces bullish conditions and more importantly, confirms a resumption of the broader uptrend that started Sep 28 last year. This signals scope for a climb towards the next objective at 1.1076, the Apr 1 2022 high. On the downside, key short-term support lies at the 20-day EMA, at 1.0849.

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