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Reverts Lower

EURUSD TECHS
  • RES 4: 1.1225 1.236 projection of the Mar 15 - 23 - 24 price swing
  • RES 3: 1.1185 High Mar 31 2022
  • RES 2: 1.1127 1.00 projection of the Mar 15 - 23 - 24 price swing
  • RES 1: 1.1095 High Apr 26
  • PRICE: 1.1053 @ 15:27 BST Apr 27
  • SUP 1: 1.0941 20-day EMA
  • SUP 2: 1.0840/31 50-day EMA / Low Apr 10
  • SUP 3: 1.0788 Low Apr 3
  • SUP 4: 1.0745 Low Mar 27

EURUSD traded higher Wednesday to breach resistance at 1.1076, the Apr 1 2022 high. Prices soon pulled back into the Thursday close, however, but the broader trend remains pointed higher for now. Prices topped the Apr 14 high this week, this reinforces bullish conditions and confirms a resumption of the primary uptrend. 1.1127, a Fibonacci retracement, is the next notable upside level. Note that moving average studies are in a bull-mode condition highlighting a rising trend. On the downside, key short-term support is unchanged at the 20-day EMA which intersects at 1.0941.

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

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