Free Trial

Holding Cheaper


Yen Goes Offered On Hawkish Fedspeak


Won Has Best Week Since 2008


VIEW: RBC: A Slower Pace Of RBA Tightening


(Z2) Improves Off Lower Level

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • RES 4: 1.0494 Bull channel resistance drawn from the Feb 10 high
  • RES 3: 1.0449 High Jul 5
  • RES 2: 1.0359 Low Jun 15
  • RES 1: 1.0258 20-day EMA
  • PRICE: 1.0210 @ 15:28 BST Jul 20
  • SUP 1: 1.0120 Low Jul 19
  • SUP 2: 1.0064/0.9952 Low Jul 18 / 14
  • SUP 3: 0.9944 1.618 projection of the Jun 9 - 15 - 27 price swing
  • SUP 4: c0.9883 1.764 projection of the Jun 9 - 15 - 27 price swing

EURUSD stalled somewhat on Wednesday, touching a new recovery high at 1.0273 before stalling and slipping into the Wednesday close. Attention remains on resistance at 1.0258, the 20-day EMA. A clear breach of the average would strengthen bullish conditions and signal scope for an extension within the bear channel. The channel is drawn from the Feb 10 high. Clearance of the 20-day EMA would open 1.0359, the Jun 15 low. Initial support is at 1.0120, Tuesday’s intraday low.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.