Free Trial
EQUITIES

China/HK Weaken, Firmer Trends Elsewhere

EURUSD TECHS

Trend Needle Points North

STIR

SFRH3 Given

BOBL TECHS

(H3) Rally Exposes Key Resistance

OIL

Tracking 5.5% Lower For The Week

FOREX

USD Firmer In Asia

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

Solid Bounce

EURUSD TECHS
  • RES 4: 1.0327 1.50 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 3: 1.0273 1.382 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 2: 1.0198 High Sep 12 and a key resistance
  • RES 1: 1.0185 High Nov 10
  • PRICE: 1.0161 @ 16:12 GMT Nov 10
  • SUP 1: 0.9927/9730 50-day EMA / Low Nov 3
  • SUP 2: 0.9705 Low Oct 21
  • SUP 3: 0.9633 Low Oct 13 and a key support
  • SUP 4: 0.9536 Low Sep 28 and the bear trigger

EURUSD surged to print a new weekly high ahead of the close, as a soft CPI release dented the dollar. Key short-term resistance at 1.0094 gave way, strengthening the bullish case and again highlighting the bullish significance of the recent bear channel breakout that occurred on Oct 25. A continuation higher would open 1.0198, the Sep 12 high. Initial support is at 0.9927, the 50-day EMA.

150 words

To read the full story

Why Subscribe to

MarketNews.com

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.
  • RES 4: 1.0327 1.50 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 3: 1.0273 1.382 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 2: 1.0198 High Sep 12 and a key resistance
  • RES 1: 1.0185 High Nov 10
  • PRICE: 1.0161 @ 16:12 GMT Nov 10
  • SUP 1: 0.9927/9730 50-day EMA / Low Nov 3
  • SUP 2: 0.9705 Low Oct 21
  • SUP 3: 0.9633 Low Oct 13 and a key support
  • SUP 4: 0.9536 Low Sep 28 and the bear trigger

EURUSD surged to print a new weekly high ahead of the close, as a soft CPI release dented the dollar. Key short-term resistance at 1.0094 gave way, strengthening the bullish case and again highlighting the bullish significance of the recent bear channel breakout that occurred on Oct 25. A continuation higher would open 1.0198, the Sep 12 high. Initial support is at 0.9927, the 50-day EMA.