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Key Resistance Remains Exposed

EURUSD TECHS
  • RES 4: 1.0327 1.50 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 3: 1.0273 1.382 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 2: 1.0198 High Sep 12 and a key resistance
  • RES 1: 1.0094/96 High Oct 27 and a bull trigger / High Nov 8
  • PRICE: 1.0033 @ 05:51 GMT Nov 10
  • SUP 1: 0.9927/9730 50-day EMA / Low Nov 3
  • SUP 2: 0.9705 Low Oct 21
  • SUP 3: 0.9633 Low Oct 13 and a key support
  • SUP 4: 0.9536 Low Sep 28 and the bear trigger

EURUSD is trading closer to this week’s high and maintains a firmer S/T tone. Key short-term resistance is 1.0094, the Oct 27 high and a bull trigger. A clear break of this hurdle would strengthen a bullish case and again highlight the bullish significance of the recent bear channel breakout that occurred on Oct 25. A continuation higher would open 1.0198, the Sep 12 high. Initial support is at 0.9927, the 50-day EMA.

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  • RES 4: 1.0327 1.50 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 3: 1.0273 1.382 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 2: 1.0198 High Sep 12 and a key resistance
  • RES 1: 1.0094/96 High Oct 27 and a bull trigger / High Nov 8
  • PRICE: 1.0033 @ 05:51 GMT Nov 10
  • SUP 1: 0.9927/9730 50-day EMA / Low Nov 3
  • SUP 2: 0.9705 Low Oct 21
  • SUP 3: 0.9633 Low Oct 13 and a key support
  • SUP 4: 0.9536 Low Sep 28 and the bear trigger

EURUSD is trading closer to this week’s high and maintains a firmer S/T tone. Key short-term resistance is 1.0094, the Oct 27 high and a bull trigger. A clear break of this hurdle would strengthen a bullish case and again highlight the bullish significance of the recent bear channel breakout that occurred on Oct 25. A continuation higher would open 1.0198, the Sep 12 high. Initial support is at 0.9927, the 50-day EMA.