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Still Looking For Weakness

EURUSD TECHS
  • RES 4: 1.1280 Low Feb 14
  • RES 3: 1.1232 61.8% of Feb 10 - Mar 7 sell-off
  • RES 2: 1.1166/1223 50-day EMA / 2.0% 10-dma envelope
  • RES 1: 1.1137 High Mar 17 and key near-term resistance
  • PRICE: 1.0987 @ 16:23 GMT Mar 25
  • SUP 1: 1.0961 Low Mar 22
  • SUP 2: 1.0890/06 Low Mar 9 / Low Mar 7 and the bear trigger
  • SUP 3: 1.0767 Low May 7 2020
  • SUP 4: 1.0727 Low Apr 24, 2020

The near-term EURUSD outlook remains bearish following the recent move lower from 1.1137, Mar 17 high. Recently, the pair failed to convincingly break a key resistance at 1.1121, Jan 28 low and the Mar 10 high. This has reinforced bearish conditions and note that the primary trend remains down. Further weakness would open 1.0890, the Mar 9 low and 1.0806, Mar 7 low and bear trigger. Key short-term resistance is at 1.1137.

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

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