November 15, 2022 18:00 GMT
Resumes Its Uptrend
EURUSD TECHS
- RES 4: 1.0615 High Jun 27
- RES 3: 1.0559 1.764 proj of the Sep 28 - Oct 4 - 13 price swing
- RES 2: 1.0536 High Jun 29
- RES 1: 1.0479 High Nov 15
- PRICE: 1.0401 @ 15:36 GMT Nov 15
- SUP 1: 1.0272/0163 Low Nov 14 / 11
- SUP 2: 1.0094 High Oct 27 and a key near-term resistance
- SUP 3: 0.9936 Low Nov 10
- SUP 4: 0.9836 Trendline support drawn from the Sep 28 low
EURUSD bullish conditions remain intact and the pair is trading higher. Recent gains have confirmed a positive price sequence of higher highs and higher lows on the daily chart and moving average studies have crossed to highlight a potential bull mode set-up. Resistance at 1.0368, the Aug 10 high, has been cleared. This opens 1.0536, the late June high. Initial firm support lies at 1.0094, the Oct 27 high.
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