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 >

March 29 14:00 UTC Released

USPending Sales Change MM

Actual

5.5 %

Forecast

2.4 %

Previous

-2.8 %

March 29 14:00 UTC Released

USPending Homes Index

Actual

112.3 %

Forecast

Previous

106.4 %

March 29 23:50 UTC 4747m

JPForeign Bond Investment

Actual

Forecast

Previous

149.4 bln JPY

March 29 23:50 UTC 4747m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-580.4 bln JPY

March 30 00:00 UTC 5757m

AUHIA New Home Sales m/m

Actual

Forecast

Previous

-2.2 %

March 30 00:01 UTC 5858m

BRTJLP Lending Rate*

Actual

Forecast

7.50 %

Previous

7.50 %

March 30 06:00 UTC 417417m

ZAM3 Money Supply YY*

Actual

Forecast

7.90 %

Previous

7.91 %

March 30 06:00 UTC 417417m

ZAPvt Sector Credit Ext.*

Actual

Forecast

5.21 %

Previous

5.56 %

March 30 07:00 UTC 477477m

DESN State CPI MM*

Actual

Forecast

Previous

0.5 %

March 30 07:00 UTC 477477m

DESN State CPI YY*

Actual

Forecast

Previous

2.4 %

Close

Welcome to EconoTimes

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