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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: 1.0926/0930 High Mar 30 / 23
  • PRICE: 1.0915 @ 15:59 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.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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