Free Trial

Testing Key Intraday Support

EURUSD TECHS
  • RES 4: 1.0839 50.0% retracement of the Feb 2 - Mar 8 bear leg
  • RES 3: 1.0803 High Feb 14 and key resistance
  • RES 2: 1.0779 50.0% retracement of the Feb 2 - Mar 8 bear leg
  • RES 1: 1.0760 Intraday high
  • PRICE: 1.0636 @ 10:47 GMT Mar 15
  • SUP 1: 1.0574 Low Mar 10
  • SUP 2: 1.0525 Low Mar 8 and the bear trigger
  • SUP 3: 1.0484 Low Jan 6 and a key support
  • SUP 4: 1.0431 Trendlione support drawn from the Sep 28 2022 low

EURUSD has failed to hold on to its intraday high of 1.0760. For now, a short-term bullish theme remains in place, however, attention is on key S/T support at 1.0640, Monday’s low. This level has been pierced, a clear break would signal a potential reversal and a continuation lower would open 1.0525, the bear trigger and the Mar 8 low. A break of 1.0760 is required to reinstate a bullish theme and open 1.0779, a Fibonacci retracement.

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.