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Resumes Its Uptrend
- RES 4: 1.1185 High Mar 31 2022
- RES 3: 1.1095 High Apr 26 and key resistance
- RES 2: 1.1054 High May 8
- RES 1: 1.1012 High Jun 22
- PRICE: 1.0960 @ 16:23 BST Jun 22
- SUP 1: 1.0893 Low Jun 20
- SUP 2: 1.0842/0804 20-day EMA / Low Jun 15
- SUP 3: 1.0733 Low Jun 12
- SUP 4: 1.0667/35 Low Jun 6 / Low May 31 and the bear trigger
A bullish theme in EURUSD remains intact and the pair traded higher Thursday. This confirms a resumption of the uptrend and price has arrived at 1.0986, 61.8% of the Apr 26 - May 31 downleg. A clear break of this level would signal scope for 1.1054, the May 8 high, ahead of key resistance at 1.1095, the Apr 26 high. Firm short-term support has been defined at 1.0893, the Jun 20 low.
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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.