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Trend Needle Points North

EURUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.1185 High Mar 31
  • RES 3: 1.1121 1.382 proj of the Oct 13 -27 rally from the Jan 6 low
  • RES 2: 1.1076 High Apr 1, 2022
  • RES 1: 1.1054 1.236 proj of the Oct 13 -27 rally from the Jan 6 low
  • PRICE: 1.0897 @ 05:33 GMT Feb 3
  • SUP 1: 1.0852 Low Feb 1
  • SUP 2: 1.0802 Low Jan 31 and key short-term support
  • SUP 3: 1.0767 Low Jan 18
  • SUP 4: 1.0659 50-day EMA

EURUSD traded higher Thursday before fading into the close. Nonetheless, the broad trend direction remains up for now - resistance at 1.0929, the Jan 26 high, has been cleared. This maintains the bullish price sequence of higher highs and higher lows and clears the way for a climb towards 1.1054, a Fibonacci projection. Note that moving average studies are in a bull-mode position. Key short-term support lies at 1.0802, the Jan 31 low.

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  • RES 4: 1.1185 High Mar 31
  • RES 3: 1.1121 1.382 proj of the Oct 13 -27 rally from the Jan 6 low
  • RES 2: 1.1076 High Apr 1, 2022
  • RES 1: 1.1054 1.236 proj of the Oct 13 -27 rally from the Jan 6 low
  • PRICE: 1.0897 @ 05:33 GMT Feb 3
  • SUP 1: 1.0852 Low Feb 1
  • SUP 2: 1.0802 Low Jan 31 and key short-term support
  • SUP 3: 1.0767 Low Jan 18
  • SUP 4: 1.0659 50-day EMA

EURUSD traded higher Thursday before fading into the close. Nonetheless, the broad trend direction remains up for now - resistance at 1.0929, the Jan 26 high, has been cleared. This maintains the bullish price sequence of higher highs and higher lows and clears the way for a climb towards 1.1054, a Fibonacci projection. Note that moving average studies are in a bull-mode position. Key short-term support lies at 1.0802, the Jan 31 low.