Free Trial
BONDS

Italy leads the bounce in EGBs

NATURAL GAS

TTF Lower on Near Normal Temperatures and High Storage

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Trend Signals Remain Bearish

EURUSD TECHS
  • RES 4: 1.0368 High Aug 10 and a key resistance
  • RES 3: 1.0327 High Aug 12
  • RES 2: 1.0198/0249 High Sep 12 / 76.4% of Aug 10 - Sep 6 downleg
  • RES 1: 1.0087 Bear channel top drawn from the Feb 10 high
  • PRICE: 0.9876 @ 16:31 BST Sep 21
  • SUP 1: 0.9867 Low Sep 21
  • SUP 2: 0.9864 Low Sep 6 and the bear trigger
  • SUP 3: 0.9800 Round number support
  • SUP 4: 0.9785 2.00 projection of the Jun 9 - 15 - 27 price swing

EURUSD is trading lower. The pair remains vulnerable following the Sep 13 reversal and price remains inside the bear channel, drawn from the Feb 10 high. The channel top intersects at 1.0087 and marks a key resistance. A close above it would highlight a stronger reversal and a channel breakout. With resistance in place and moving average studies in a bear mode condition, the focus is on the bear trigger at 0.9864, the Sep 6 low.

156 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.0368 High Aug 10 and a key resistance
  • RES 3: 1.0327 High Aug 12
  • RES 2: 1.0198/0249 High Sep 12 / 76.4% of Aug 10 - Sep 6 downleg
  • RES 1: 1.0087 Bear channel top drawn from the Feb 10 high
  • PRICE: 0.9876 @ 16:31 BST Sep 21
  • SUP 1: 0.9867 Low Sep 21
  • SUP 2: 0.9864 Low Sep 6 and the bear trigger
  • SUP 3: 0.9800 Round number support
  • SUP 4: 0.9785 2.00 projection of the Jun 9 - 15 - 27 price swing

EURUSD is trading lower. The pair remains vulnerable following the Sep 13 reversal and price remains inside the bear channel, drawn from the Feb 10 high. The channel top intersects at 1.0087 and marks a key resistance. A close above it would highlight a stronger reversal and a channel breakout. With resistance in place and moving average studies in a bear mode condition, the focus is on the bear trigger at 0.9864, the Sep 6 low.