MNI BRIEF: US Treasury Lowers Q1 Borrowing Estimate By $9B

MNI BRIEF: Fed's Bostic In Wait And See Mode On Rates

MNI BRIEF: Fed's Collins Expects Tariffs To Raise Prices

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

MNI: US DEC CONSTRUCT SPENDING +0.5%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OUTLOOK: Price Signal Summary - EURUSD Recovery Extends

OUTLOOK
CEEMEABulletUKMarketsFixed Income BulletsForeign Exchange Bullets
  • In FX, EURUSD is trading higher today. The latest recovery appears corrective, however, the pair has recently breached the 20-day EMA and pierced trendline resistance at 1.0383, drawn from the Sep 30 ‘24 high. The move higher has exposed the 50-day EMA at 1.0460. Clearance of this average would strengthen a bullish condition and open 1.0513, the Dec 18 high. Initial support lies at 1.0260, the Jan 15 low.
  • A short-term bullish corrective cycle in GBPUSD remains in play, for now. Initial firm resistance to watch is 1.2369, the 20-day EMA. It has been pierced, a clear breach of the average would highlight a stronger corrective phase and signal scope for an extension, possibly towards the 50-day EMA, at 1.2537. The bear trigger has been defined at 1.2100, the Jan 10 low. Clearance of this support would resume the downtrend.
  • The trend condition in USDJPY is unchanged and remains bullish. The latest pullback is considered corrective. The pair has traded through the 20-day EMA and an extension would signal scope for a deeper retracement. Support to watch is 155.00, the 50-day EMA, and 154.48, a trendline drawn from the Sep 16 ‘24 high. A clear breach of both levels would highlight a stronger reversal. Key resistance and the bull trigger is 158.87, the Jan 10 high.
214 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • In FX, EURUSD is trading higher today. The latest recovery appears corrective, however, the pair has recently breached the 20-day EMA and pierced trendline resistance at 1.0383, drawn from the Sep 30 ‘24 high. The move higher has exposed the 50-day EMA at 1.0460. Clearance of this average would strengthen a bullish condition and open 1.0513, the Dec 18 high. Initial support lies at 1.0260, the Jan 15 low.
  • A short-term bullish corrective cycle in GBPUSD remains in play, for now. Initial firm resistance to watch is 1.2369, the 20-day EMA. It has been pierced, a clear breach of the average would highlight a stronger corrective phase and signal scope for an extension, possibly towards the 50-day EMA, at 1.2537. The bear trigger has been defined at 1.2100, the Jan 10 low. Clearance of this support would resume the downtrend.
  • The trend condition in USDJPY is unchanged and remains bullish. The latest pullback is considered corrective. The pair has traded through the 20-day EMA and an extension would signal scope for a deeper retracement. Support to watch is 155.00, the 50-day EMA, and 154.48, a trendline drawn from the Sep 16 ‘24 high. A clear breach of both levels would highlight a stronger reversal. Key resistance and the bull trigger is 158.87, the Jan 10 high.