Free Trial

Support Remains Intact - For Now

EURUSD TECHS
  • RES 4: 1.1076 High Apr 1 2022
  • RES 3: 1.1033 High Feb 2 and key resistance
  • RES 2: 1.0940 High Feb 3
  • RES 1: 1.0871/0930 High Mar 29 / 23
  • PRICE: 1.0839 @ 05:49 BST Mar 30
  • SUP 1: 1.0736/13 20-day EMA / Low Mar 24
  • SUP 2: 1.0693 50-day EMA
  • SUP 3: 1.0608 Low Mar 17
  • SUP 4: 1.0516 Low Mar 15 and the bear trigger

EURUSD is holding on to this week’s gains and price remains above 1.0713, the Mar 24 low. Key short-term resistance is at 1.0930, the Mar 23 high. A break of this level would reinstate the recent bull theme and signal scope for a climb towards 1.1033, the Feb 2 high. On the downside, support to watch lies at 1.0736 (20-day EMA) and 1.0693 (50-day EMA). A move through this support zone would expose the recent low at 1.0516 on Mar 15.

To read the full story

Close

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.