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Trend Signals Remain Bearish

EURUSD TECHS
  • RES 4: 1.1076 High Apr 1
  • RES 3: 1.1033 50-day EMA
  • RES 2: 1.0989 High Apr 5
  • RES 1: 1.0909 20-day EMA
  • PRICE: 1.0858 @ 15:52 BST Apr 20
  • 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 above its recent low of 1.0758 on Apr 14. The trend outlook remains bearish. Last week’s cycle lows confirmed a resumption of the trend, resulting in a break of the bear trigger at 1.0806, Mar 7 low. This puts prices at the lowest levels since mid-2020. Attention is on 1.0727, Apr 24 2020 low and the key 1.0636 level, Mar 23 2020 low. For bulls, clearance of 1.1185 is needed to highlight a base. Initial firm resistance is at 1.0909.

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

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