Free Trial

$1.1708 & 55-WMA Levels Key.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1708 & 55-WMA Levels Key
*RES 4: $1.1986 55-DMA
*RES 3: $1.1891 55-WMA
*RES 2: $1.1854 High May 16
*RES 1: $1.1820 High June 11
*PRICE: $1.1794 @ 0210GMT
*SUP 1: $1.1773 Hourly support June 13 
*SUP 2: $1.1723 Low June 13 
*SUP 3: $1.1708 Low June 6 
*SUP 4: $1.1616 Low June 1
*COMMENTARY: The pair continues to trade sideways in a $1.1723-1.1820 range with
daily studies at modestly O/B the key concern for bulls. The 21-DMA is noted at
$1.1725 with bears needing a close below $1.1708 to confirm a break and return
initial focus to $1.1506-1.1616 where 2018 lows are located. The $1.1820-91
resistance region remains key. Bulls need a close above the 55-WMA to shift
initial focus to $1.1985-1.2053 where the 55 & 200-DMAs are situated.

To read the full story

Close

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.