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1.1027 support exposed: *RES 4:...>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: 1.1027 support exposed:
*RES 4: 1.1191/1204 50-dma/100dma
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1153 Trendline resistance drawn off the Jun 25 high
*RES 1: 1.1098 High Aug 28
*PRICE: 1.1045 @ 04:10 GMT Aug 30
*SUP 1: 1.1042 Intraday Low / Aug 29 low
*SUP 2: 1.1027 Low Aug 1 and primary support
*SUP 3: 1.1000/0991 Psychological level / Channel base drawn off the Jan 10 high
*SUP 4: 1.0864 76.4% retracement of the Jan 2017 - Feb 2018 rally
EURUSD has continued to push lower this week negating entirely, last Friday's
rally. Former support at 1.1052, the Aug 23 low has been cleared and a bearish
focus returns with sights set on the key Aug 1 low of 1.1027. A break of this
level would confirm a resumption of the downtrend and open the 1.1000
psychological level and the 1.0991 broad bear channel base, drawn off the Jan 10
high. Key resistance has been defined at 1.1164, the Aug 26 high
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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