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Key Short-Term Resistance Defined At 1.1185

EURUSD TECHS
  • RES 4: 1.1274 High Feb 25
  • RES 3: 1.1258 2.0% 10-dma envelope
  • RES 2: 1.1222 61.8% of Feb 10 - Mar 7 sell-off
  • RES 1: 1.1189/1222 High Mar 31 / 3.0% Upper Bollinger Band
  • PRICE: 1.1036 @ 16:22 GMT Apr 1
  • SUP 1: 1.1028/0945 Low Apr 1 / Mar 28
  • SUP 2: 1.0898/06 Low Mar 14 / Low Mar 7 and the bear trigger
  • SUP 3: 1.0767 Low May 7 2020
  • SUP 4: 1.0727 Low Apr 24, 2020

EURUSD traded lower again Friday. An important short-term resistance has been defined at Thursday’s high of 1.1185. This week’s gains have cleared a number of important short-term resistance points, including the 50-day EMA at 1.1147. Short-term conditions remain bullish, however, a failure to remain above the 50-day EMA would concern bulls. A break above 1.1185 opens 1.1232 initially, a Fibonacci retracement. Key support is at 1.0945.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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