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Testing Support At The 20-day EMA

EURUSD TECHS
  • RES 4: 1.1185 High Mar 31 2022
  • RES 3: 1.1095 High Apr 26 and key resistance
  • RES 2: 1.0959/1054 Intraday high / High May 8
  • RES 1: 1.1012 High Jun 22
  • PRICE: 1.0884 @ 16:16 BST Jun 23
  • SUP 1: 1.0804 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 Thursday’s high of 1.1012. The pullback is considered corrective - for now. Attention turns to support at 1.0853, the 20-day EMA. A clear break of this average would signal scope for a deeper pullback and this would open 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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