Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:EUR/USD upside capped by 21- day MA, good to sell on rallies

  • Major resistance- 1.0700 (21- day MA)
     
  • Major support – 1.05200
     
  • EUR/USD formed a major bottom around 1.05214 and jumped sharply from that level. It is currently trading around 1.06474.
     
  • On the higher side 1.0700-1.07210 (21- day EMA and 61.8% retracement will be acting as major near term resistance and any break above confirms minor trend reversal in the short term. Any break above targets 1.0745/1.0800 level. Short term bearish invalidation only above 1.08735.
     
  • The next immediate support is around 1.05800 and any break below will drag the 1.05200/1.04500.

    It is good to sell on rallies around 1.0660-1.0665 with SL around 1.07210 for the TP of 1.05800/1.05200
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-04-19 15:31:08
0m
2018-04-19 15:30:49
0m
2018-04-19 15:30:42
0m

April 19 14:30 UTC Released

USNat Gas, Change Bcf

Actual

-36 Cubic feet

Forecast

-23 Cubic feet

Previous

-19 Cubic feet

April 19 14:00 UTC Released

USLeading Index Chg MM

Actual

0.3 %

Forecast

0.3 %

Previous

0.6 %

January 31 00:00 UTC 113253113253m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113253113253m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 125073125073m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 113253113253m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 125073125073m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 113253113253m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113253113253m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113253113253m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.