FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Resistance Stays Intact - For Now

EURUSD TECHS
  • RES 4: 1.1033 High Feb 2 and key resistance
  • RES 3: 1.0911 76.4% retracement of the Feb 2 - Mar 15 bear leg
  • RES 2: 1.0836 61.8% retracement of the Feb 2 - Mar 15 bear leg
  • RES 1: 1.0803 High Feb 14 and key resistance
  • PRICE: 1.0770 @ 16:16 GMT Mar 21
  • SUP 1: 1.0653/1.0516 50-day EMA / Low Mar 15
  • SUP 2: 1.0484 Low Jan 6 and a key support
  • SUP 3: 1.0461 Trendline support drawn from the Sep 28 2022 low
  • SUP 4: 1.0394 Low Dec 1

EURUSD traded higher again Tuesday and the pair has moved above resistance at 1.0760, the Mar 15 high. A clear break of this level would strengthen the current bull theme. This would signal scope for gains towards 1.0803 next, the Feb 14 high. On the downside, key short-term support has been defined at 1.0516, the Mar 15 low, where a break is required to reinstate the recent bearish theme.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.