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EURUSD TECHS
  • RES 4: 1.1065 High Aug 10
  • RES 3: 1.1005 High Aug 11
  • RES 2: 1.0960/83 61.8% of Jul 18-Oct 3 downleg / 2.0% 10-dma env
  • RES 1: 1.0945/46 High Aug 30 and key resistance / Intraday High
  • PRICE: 1.0941 @ 16:44 GMT Nov 20
  • SUP 1: 1.0825/0756 Low Nov 17 / High Nov 5, recent breakout level
  • SUP 2: 1.0656 Low Nov 10 and key short-term support
  • SUP 3: 1.0568 Low Nov 2
  • SUP 4: 1.0517/0496 Low Nov 1/ 13

EURUSD started the week on a bullish note as the pair extended last week’s rally. Recent strong gains reinforce the current bullish technical picture and the move higher signals scope for a climb towards 1.0945 next, the Aug 30 high and a key resistance. This level was briefly pierced Monday. Moving average studies have crossed, highlighting a bull-mode position and a rising trend. Initial support lies at 1.0825, the Nov 17 low.

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