EURUSD has reacted higher today and remains near session highs. The rally exposes the key near-term resistance of 1.1137, Mar 17 high. A break of this resistance would ease recent bearish threats and instead would highlight a developing bullish theme. Note too that the 50-day EMA intersects at 1.1152, an equally important resistance. A breach of this zone would open 1.1232. Initial support is at 1.0945, Monday’s low.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Rally Exposes Key Short-Term Resistance