Free Trial

$1.1715-20 Support Protects.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1715-20 Support Protects Against Fresh Downside Interest 
*RES 4: $1.1911/21 Aug 2 high, equality rise from $1.1119
*RES 3: $1.1860/70 Series congestion lows Aug 3-4
*RES 2: $1.1847 Aug 11 high
*RES 1: $1.1800/15 Hourly resistance
*PRICE: $1.1761 @0905GMT 
*SUP 1: $1.1715/20 Hourly basing area Aug 8-Aug 9
*SUP 2: $1.1682/89 38.2% of $1.1312-$1.1911, Jul 21 high
*SUP 3: $1.1625 Equality fall from $1.1847 to $1.1911-$1.1689
*SUP 4: $1.1612/13 50% of $1.1312-$1.1911, Jul 26 low
*COMMENTARY* The recovery over the last couple of days has run out of steam
ahead of the $1.1860-70 area. Through here needed to switch near term bias to
higher again. A high of $1.1847 before giving up some ground and eyes are now on
$1.1715-20 for next clues. A loss will put pressure back on $1.1682-29 again,
beneath which only minor support protects against a deeper $1.1612-$1.1591 fall.
Resistance falls to $1.1800-15.

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.