Free Trial

Tops 50-day EMA

EURUSD TECHS
  • RES 4: 1.1274 High Feb 25
  • RES 3: 1.1261 2.0% 10-dma envelope
  • RES 2: 1.1232 61.8% of Feb 10-Mar 7 sell-off
  • RES 1: 1.1222 3.0% Upper Bollinger Band
  • PRICE: 1.1157 @ 16:18 GMT Mar 30
  • SUP 1: 1.0945 Low Mar 28
  • SUP 2: 1.0890/06 Low Mar 9 / Low Mar 7 and the bear trigger
  • SUP 3: 1.0767 Low May 7 2020
  • SUP 4: 1.0727 Low Apr 24, 2020

EURUSD rallied further Wednesday, topping key near-term resistance of 1.1137, Mar 17 high. The break here eases recent bearish threats and highlights a developing bullish theme. Prices topped the 50-day EMA at 1.1150, opening 1.1232 initially ahead of 1.1261. Initial support is at 1.0945, Monday’s low.

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.