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Trend Needle Points North

EURUSD TECHS
  • RES 4: 1.1054 High Apr 4 2022
  • RES 3: 1.1022 3.00 proj of the Sep 28 - Oct 4 - Oct 13 price swing
  • RES 2: 1.0954 High Apr 11, 2022
  • RES 1: 1.0929 High Jan 26
  • PRICE: 1.0870 @ 05:33 GMT Jan 30
  • SUP 1: 1.0789/0767 20-day EMA / Low Jan 18
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0617/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0427 3.0% Lower Bollinger Band

EURUSD bulls remain in the driver’s seat and short-term pullbacks are considered corrective. Key near term support levels remain intact and moving average studies continue to highlight positive market sentiment. A break higher would open the next objective at 1.0954, the Apr 11 2022 high. The 20-day EMA is the first support to watch - it intersects at 1.0789. A move below the average would signal the start of a correction.

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