EURGBP TECHS: Reversal Of Recent Correction
Apr-03 18:00
- RES 4: 0.8494 High Aug 26 ‘24
- RES 3: 0.8474 High Jan 20 and a key resistance
- RES 2: 0.8450 High Mar 11 and the bull trigger
- RES 1: 0.8448 High Apr 03
- PRICE: 0.8428 @ 15:56 BST Apr 3
- SUP 1: 0.8359 20-day EMA
- SUP 2: 0.8316 Low Mar 28 and a key near-term support
- SUP 3: 0.8291 76.4% retracement of the Mar 3 - 11 bull leg
- SUP 4: 0.8251 Low Mar 4
EURGBP is trading in a volatile manner and has also traded sharply higher Thursday. The rally confirms a reversal of the Mar 11 - 28 correction and also potentially highlights a resumption of the uptrend. The next key short-term resistance is 0.8450, the Mar 11 high. Clearance of this hurdle would strengthen a bullish condition and open 0.8474, the Jan 20 high. Initial support is seen at 0.8359, the 20-day EMA.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI EXCLUSIVE: MNI Interviews Head of Canadian Homebuilders' Association
Mar-04 17:47
- MNI interviews head of Canadian Homebuilders' Association on tariffs, rate outlook -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
MNI EXCLUSIVE: MNI Interviews Ex-Fed Board Economist
Mar-04 17:07
- MNI interviews ex-Fed board economist on monetary policy -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
FED: US TSY TO SELL $75.000 BLN 8W BILL MAR 06, SETTLE MAR 11
Mar-04 17:05
- US TSY TO SELL $75.000 BLN 8W BILL MAR 06, SETTLE MAR 11
