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Northbound

EURUSD TECHS
  • RES 4: 1.1276 High Jul 18 and a key resistance
  • RES 3: 1.1229 High Jul 20
  • RES 2: 1.1150 High Jul 27
  • RES 1: 1.1123 High Dec 27
  • PRICE: 1.1114 @ 06:05 GMT Dec 28
  • SUP 1: 1.1017 High Nov 29 and a recent breakout level
  • SUP 2: 1.0938/1.0850 20- and 50-day EMA values
  • SUP 3: 1.0724 Low Dec 8 and the bear trigger
  • SUP 4: 1.0693 Low Nov 14

EURUSD maintains a positive tone and the pair continues to appreciate - yesterday’s gains reinforce bullish conditions. Price has recently traded through key resistance at 1.1017, the Nov 29 high and a bull trigger as well as 1.1081 next, 76.4% of the Jul - Oct bear leg. Moving average studies remain in a bull-mode set-up too, highlighting positive market sentiment.. Initial firm support is seen at 1.0938, the 20-day EMA.

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