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Maintains A Firmer Tone

EURUSD TECHS
  • RES 4: 1.1076 High Apr 1 2022
  • RES 3: 1.1033 High Feb 2 and key resistance
  • RES 2: 1.0940 High Feb 3
  • RES 1: 1.0930 High Mar 23
  • PRICE: 1.0836 @ 05:34 GMT Mar 24
  • SUP 1: 1.0817 Intraday low
  • SUP 2: 1.0760 High Mar 15 and a recent breakout level
  • SUP 3: 1.0697 20-day EMA
  • SUP 4: 1.0672 50-day EMA

EURUSD traded to a fresh weekly high of 1.0930 on Thursday. The pair maintains a firmer short-term tone. Price has pierced 1.0911, 76.4% of the Feb 2 - Mar 15 bear leg. A clear breach of this hurdle would strengthen bullish conditions and open 1.1000 and a key resistance at 1.1033, the Feb 2 high and a bull trigger. Short-term momentum studies remain bullish. Initial firm support is seen at 1.0760, the Mar 15 high and a recent breakout point.

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