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Trend Needle Points South

EURUSD TECHS
  • RES 4: 1.1185 High Mar 31
  • RES 3: 1.1043 50-day EMA
  • RES 2: 1.0989 High Apr 5
  • RES 1: 1.0831/0922 High Apr 15 / 20-day EMA
  • PRICE: 1.0790 @ 15:38 BST Apr 19
  • SUP 1: 1.0758 Low Apr 14
  • SUP 2: 1.0727 Low Apr 24, 2020 and bear trigger
  • SUP 3: 1.0659 0.764 proj of the Feb 10 - Mar 7 - 31 price swing
  • SUP 4: 1.0636 Low March 23 2020

EURUSD remains in a downtrend and last week’s low print of 1.0758 confirmed a resumption of the trend, following the break of the bear trigger at 1.0806, Mar 7 low. This puts prices at the lowest levels since mid-2020. The pair has also breached 1.0767, May 7 2020 low, and attention is on 1.0727 and the key 1.0636 level. For bulls, clearance of 1.1185 is needed to highlight a base and reinstate a bull theme. Initial firm resistance is at 1.0922.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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