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Support Remains Intact - For Now

EURUSD TECHS
  • RES 4: 1.1185 High Mar 31 2022
  • RES 3: 1.1095 High Apr 26 and key resistance
  • RES 2: 1.1054 High May 8
  • RES 1: 1.09591012 High Jun 23 / 22
  • PRICE: 1.0905 @ 15:49 BST Jun 26
  • SUP 1: 1.0842/04 50-day EMA / Low Jun 15
  • SUP 2: 1.0733 Low Jun 12
  • SUP 3: 1.0667 Low Jun 6
  • SUP 4: 1.0635 Low May 31 and the bear trigger

EURUSD traded sharply lower Friday, extending the pullback from last Thursday’s high of 1.1012. The move down is considered corrective - for now. Attention is on 1.0842, the 50-day EMA. A clear break of this average would strengthen a bearish threat and signal scope for a deeper pullback, opening 1.0804, the Jun 15 low and 1.0733, the Jun 12 low. Key resistance and the bull trigger is at 1.1012.

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