Free Trial
ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

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
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.1755 High Sep 22
  • RES 3: 1.1584/92 Bear channel top from Jun 1 high / High Oct 28
  • RES 2: 1.1514 Low Nov 5
  • RES 1: 1.1383/1.1464 High Nov 30 / High Nov 15
  • PRICE: 1.1311 @ 16:28 GMT Dec 2
  • SUP 1: 1.1236 Low Nov 30
  • SUP 2: 1.1186/85 Low Nov 24 / Low Jul 1, 2020
  • SUP 3: 1.1128 1.764 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1040 76.4% retracement of the Mar ‘20 - Jan ‘21 uptrend

EURUSD is unchanged and consolidating closer to recent highs. Price gains this week have resulted in a test of the 20-day EMA, at 1.1366 today, plus a print above resistance at 1.1374, the Nov 18 high. This suggests scope for an extension of the current corrective cycle and opening 1.1514, Nov 5 high. The broader trend however remains bearish with the bear trigger at 1.1186/85. Moving average studies remain in a bear mode reinforcing current conditions.