EURUSD TECHS: Trend Needle Still Points North

Jan-25 18:00
  • RES 4: 1.1054 High Apr 4 2022
  • RES 3: 1.1022 3.00 proj of the Sep 28 - Oct 4 - Oct 13 price swing
  • RES 2: 1.0954 High Apr 11, 2022
  • RES 1: 1.0927 High Jan 23
  • PRICE: 1.0879 @ 16:11 GMT Jan 25
  • SUP 1: 1.0767/54 Low Jan 18 / 20-day EMA
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0582/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0410 3.0% Lower Bollinger Band

EURUSD remains in an uptrend and the pair is trading closer to its recent highs. A fresh high print Monday maintains the bullish price sequence of higher highs and higher lows and moving average studies continue to highlight positive market sentiment. Sights are on 1.0954, the Apr 11 2022 high. The 20-day EMA marks initial firm support - it intersects at 1.0754. A break of the average would signal the start of a correction.

Historical bullets

LOOK AHEAD: UK Timeline of Key Events (Times GMT)

Dec-26 06:23
Date Time Period Event
03-Jan 0930 Dec IHS Markit/CIPS Manufacturing PMI (Final)
04-Jan 0001 Dec BRC Monthly Shop Price Index
04-Jan 0930 Nov BOE M4 / Lending
05-Jan 0930 Dec IHS Markit/CIPS Services PMI (Final)
05-Jan 0930 Dec BOE Dec DMP Survey
06-Jan 0930 Dec IHS Markit/CIPS Construction PMI
07-Jan 1615 BOE Mann Panellist at American Economics Association
08-Jan 1300 BOE Pill Panellist at American Economics Association
09-Jan ---- ---- House of Commons Returns
11-Jan 0001 Dec BRC-KPMG Shop Sales Monitor
13-Jan 0700 Dec UK Monthly GDP/Services/Production/Trade/Construction
17-Jan 0700 Dec Labour Market Survey
18-Jan 0700 Dec Inflation report
18-Jan 0930 Dec ONS House Price Index
20-Jan 0700 Dec Retail Sales

LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Dec-26 06:18
Date Time Country Event
29-Dec 0800 ES Retail Sales
29-Dec 0900 EU HICP (p) / M3
30-Dec 0800 ES HICP (p)
02-Jan 0815 ES S&P Global Manufacturing PMI (f)
02-Jan 0845 IT S&P Global Manufacturing PMI (f)
02-Jan 0850 FR S&P Global Manufacturing PMI (f)
02-Jan 0855 DE S&P Global Manufacturing PMI (f)
02-Jan 0900 EU S&P Global Manufacturing PMI (f)
03-Jan 0855 DE Unemployment
03-Jan 1300 DE HICP (p)
04-Jan 0745 FR Consumer Sentiment / HICP
04-Jan 0815 ES S&P Global Services PMI (f)
04-Jan 0845 IT S&P Global Services PMI (f)
04-Jan 0850 FR S&P Global Services PMI (f)
04-Jan 0855 DE S&P Global Services PMI (f)
04-Jan 0900 EU S&P Global Services PMI (f)

CHINA SETS YUAN CENTRAL PARITY AT 6.9825 MON VS 6.9810

Dec-26 01:21



  • CHINA SETS YUAN CENTRAL PARITY AT 6.9825 MON VS 6.9810