Free Trial

Support To Watch Is At The 50-Day EMA

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: 1.0977/1012 High Jun 27 / 22 and the bull trigger
  • PRICE: 1.0868 @ 05:46 BST Jun 30
  • SUP 1: 1.0852/04 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 lower Thursday and the pair continues to trade below Tuesday’s high of 1.0977. Key support to watch is at 1.0852, the 50-day EMA. A clear break of this EMA would strengthen a bearish threat and signal scope for a deeper corrective pullback towards 1.0804, the Jun 15 low and 1.0733, the Jun 12 low. Key resistance and the bull trigger is unchanged at 1.1012, the Jun 22 high. A break would resume the recent bull cycle.

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.