Free Trial

$1.1723 Resistance Key This.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1723 Resistance Key This Week
*RES 4: $1.1723 Low June 13 now resistance
*RES 3: $1.1690 21-DMA
*RES 2: $1.1660 Hourly resistance June 14
*RES 1: $1.1627 High June 15
*PRICE: $1.1621 @ 2130GMT
*SUP 1: $1.1541 Low June 15, Bollinger band base 
*SUP 2: $1.1506 2018 Low May 29 
*SUP 3: $1.1470 Low July 18 2017 
*SUP 4: $1.1406 200-WMA
*COMMENTARY: An inside day to start the week with bears remaining focused on
tests of 2018 lows. Daily studies remain well placed for a fresh leg lower with
the Bollinger base ($1.1541) the key concern. Bears continue to look for a close
below $1.1311 to confirm breaks of 100 ($1.1429) & 200-WMAs, shifting immediate
focus to $1.1117 June 2017 lows. Bulls still need a close above $1.1723 to shift
focus back to $1.1854-94.

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.