MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

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MNI DATA FORECASTS: RBA, Riksbank In Focus

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(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

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Trend Needle Still Points North

EURUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • 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: 1.0927 High Jan 23
  • PRICE: 1.0895 @ 05:33 GMT Jan 25
  • SUP 1: 1.0767/54 Low Jan 18 / 20-day EMA
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0582/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0410 3.0% Lower Bollinger Band

EURUSD remains in an uptrend and the pair is trading closer to its recent highs. A fresh high print Monday maintains the bullish price sequence of higher highs and higher lows and moving average studies continue to highlight positive market sentiment. Sights are on 1.0954, the Apr 11 2022 high. The 20-day EMA marks initial firm support - it intersects at 1.0754. A break of the average would signal the start of a correction.

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  • 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: 1.0927 High Jan 23
  • PRICE: 1.0895 @ 05:33 GMT Jan 25
  • SUP 1: 1.0767/54 Low Jan 18 / 20-day EMA
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0582/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0410 3.0% Lower Bollinger Band

EURUSD remains in an uptrend and the pair is trading closer to its recent highs. A fresh high print Monday maintains the bullish price sequence of higher highs and higher lows and moving average studies continue to highlight positive market sentiment. Sights are on 1.0954, the Apr 11 2022 high. The 20-day EMA marks initial firm support - it intersects at 1.0754. A break of the average would signal the start of a correction.