EURUSD TECHS: Monitoring Support
Sep-21 17:10
* RES 4: 1.2063 2.236 proj of the Feb 28 - Mar 18 - 247 price swing * RES 3: 1.2000 Round number res...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI: BAKER HUGHES CANADA RIG COUNT 180; OIL RIGS 123; GAS RIGS 56
Aug-22 17:01
- BAKER HUGHES CANADA RIG COUNT 180; OIL RIGS 123; GAS RIGS 56
MNI: BAKER HUGHES US RIG COUNT 538; OIL RIGS 411; GAS RIGS 122
Aug-22 17:01
- MNI: BAKER HUGHES US RIG COUNT 538; OIL RIGS 411; GAS RIGS 122
EURUSD TECHS: Strong Close
Aug-22 17:00
- RES 4: 1.1851 High Sep 10 2021
- RES 3: 1.1829 High Jul 01 and the bull trigger
- RES 2: 1.1789 High Jul 24
- RES 1: 1.1730/32 High Aug 20 / 22
- PRICE: 1.1729 @ 16:27 BST Aug 22
- SUP 1: 1.1528 Low Aug 5
- SUP 2: 1.1392 Low Aug 1 and bear trigger
- SUP 3: 1.1373 Low Jun 10
- SUP 4: 1.1313 Low May 30
EURUSD posted a strong Friday close on the back of Powell’s speech, reversing any bearish undertone from the pierce of support at the 50-day EMA of 1.1591. A clear break of it would signal scope for a deeper retracement and potentially expose key support at 1.1392, the Aug 1 low. The first support to watch lies at 1.1528, the Aug 5 low. A resumption of gains from here would expose key resistance and the bull trigger at 1.1829, the Jul 1 high.
