Free Trial

Trend Needle Still 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: 1.0927 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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.