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Free Access1.1350 Still Acting As............>
EURO-DOLLAR TECHS: 1.1350 Still Acting As Resistance
EURUSD spikes as high as 1.1348 yesterday before before giving back some gains
to keep the 1.1350 resistance level intact. Bulls need a close above 1.here to
improve the short-term outlook, before focusing on the 21-dma & Nov 8 high at
1.1381/1.1445. Above here opens the Nov 7 high at 1.1500, ahead of the 100-dma
at 1.1565. Bears focus on a downside break of 1.1200, opening the 61.8% fibo of
$1.0341-1.2555 at 1.1187, ahead of a potential return to 2017 lows.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.