Free Trial

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: 1.1068 High Apr 13
  • PRICE: 1.1052 @ 15:47 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.

To read the full story

Close

Why MNI

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.