Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

EUR/USD: A Break Below 1.0960/50 Is A Sell Signal

ByJason Sen
Published 04/04/2022, 06:00 AM
Updated 07/09/2023, 06:31 AM
  • EUR/USD shorts at strong resistance at 1.1130/50 hopefully worked on the collapse to 1.1070 and our ultimate target of 1.1030 on Friday. If we continue lower this week (as is likely) look for 1.1000. Expect support at 1.0960/50. A break lower is a sell signal. Resistance at 1.1140/60. Shorts need stops above 1.1185 today!! A break higher is a buy signal targeting very strong resistance at 1.1230/50. Shorts need stops above 1.1270.
  • USD/CAD held the 500-week moving average at 1.2420/00. Should be worth trying longs if we retest today, with stop below 1.2370. A high for the day exactly at first resistance at 1.2530/50. Shorts need stops above 1.2565. A break higher targets a sell opportunity at 1.2600/20. Shorts need stops above 1.2640.
  • USD/JPY outlook is more negative (although I repeat that we do not have a sell signal). Holding strong resistance at 122.50/70 targets 121.75/70 perhaps as far as the best support for today at 121.10/120.90. Longs need stops below 120.70. A break lower is a sell signal targeting 120.00/119.80. We should have strong resistance at 122.50/70. Shorts need stops above 122.90. A break higher can retest Wednesday's high at 123.15/20.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.