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Trend Needle Points North

EURUSD TECHS
  • RES 4: 1.0615 High Jun 27
  • RES 3: 1.0536 High Jun 29
  • RES 2: 1.0450 1.764 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 1: 1.0368 High Aug 10
  • PRICE: 1.0303 @ 05:55 GMT Nov 14
  • SUP 1: 1.0163 Low Nov 11
  • SUP 2: 1.0094 High Oct 27 and a key near-term resistance
  • SUP 3: 0.9936 Low Nov 10
  • SUP 4: 0.9827 Trendline support drawn from the Sep 28 low

EURUSD traded higher again Friday and is holding on to its latest gains. Trend conditions remain bullish - a positive price sequence of higher highs and higher lows has been established on the daily scale and moving average studies are crossing to highlight a potential bull mode set-up. The focus is on 1.0368 resistance, the Aug 10 high ahead of 1.0450, a Fibonacci projection. Initial firm support lies at 1.0094, the Oct 27 high.

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  • RES 4: 1.0615 High Jun 27
  • RES 3: 1.0536 High Jun 29
  • RES 2: 1.0450 1.764 proj of the Sep 28 - Oct 4 - 13 price swing
  • RES 1: 1.0368 High Aug 10
  • PRICE: 1.0303 @ 05:55 GMT Nov 14
  • SUP 1: 1.0163 Low Nov 11
  • SUP 2: 1.0094 High Oct 27 and a key near-term resistance
  • SUP 3: 0.9936 Low Nov 10
  • SUP 4: 0.9827 Trendline support drawn from the Sep 28 low

EURUSD traded higher again Friday and is holding on to its latest gains. Trend conditions remain bullish - a positive price sequence of higher highs and higher lows has been established on the daily scale and moving average studies are crossing to highlight a potential bull mode set-up. The focus is on 1.0368 resistance, the Aug 10 high ahead of 1.0450, a Fibonacci projection. Initial firm support lies at 1.0094, the Oct 27 high.