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MA Studies Remain In A Bull Mode Position

EURUSD TECHS
  • RES 4: 1.1185 High Mar 31 2022
  • RES 3: 1.1127 1.00 projection of the Mar 15 - 23 - 24 price swing
  • RES 2: 1.1076 High Apr 1 2022 and high Apr 14
  • RES 1: 1.1000 High Apr 17
  • PRICE: 1.0960 @ 05:52 BST Apr 21
  • SUP 1: 1.0905 20-day EMA
  • SUP 2: 1.0831 Low APr 10
  • SUP 3: 1.0810 50-day EMA
  • SUP 4: 1.0788 Low Apr 3

The uptrend EURUSD remains intact and price is trading above 1.0905, the 20-day EMA. The recent 1.1033 break, Feb 2 high, reinforces bullish conditions. Note that MA studies are in a bull mode condition, highlighting an uptrend. The bull trigger is 1.1076, Apr 14 high. The focus is on 1.1127, a Fibonacci projection and 1.1185, Mar 31 2022 high. On the downside, a break of the 20-day EMA would signal scope for a deeper retracement.

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