EURUSD TECHS: Fresh YTD Highs
- RES 4: 1.1274 61.8% of the Jun 1 2021 - Sep 28 2022 bear trend
- RES 3: 1.1185 High Mar 31 2022
- RES 2: 1.1127 1.00 projection of the Mar 15 - 23 - 24 price swing
- RES 1: 1.1076 High Apr 1 2022
- PRICE: 1.1069 @ 05:41 BST Apr 14
- SUP 1: 1.0977 Low Apr 13
- SUP 2: 1.0911/0849 Low Apr 12 / 20-day EMA
- SUP 3: 1.0788 Low Apr 3
- SUP 4: 1.0765 50-day EMA
EURUSD continues to climb. The pair has breached key resistance at 1.1033, the Feb 2 high. The break reinforces bullish conditions and more importantly, confirms a resumption of the broader uptrend that started Sep 28 last year. This signals scope for a climb to 1.1076, the Apr 1 2022 high and 1.1185 further out, the Mar 31 2022 high. On the downside, key short-term support lies at the 20-day EMA, at 1.0867.
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