Free Trial

1.1753 Defined As Pivot Support

EURO-DOLLAR TECHS
  • RES 4: 1.2032 High May 2, 2018
  • RES 3: 1.2011 High Sep 1 and the bull trigger
  • RES 2: 1.1929 High Sep 2
  • RES 1: 1.1917 High Sep 10
  • PRICE: 1.1849 @ 05:44 BST Sep 14
  • SUP 1: 1.1801 Low Sep 10
  • SUP 2: 1.1753 Low Sep 9 and key support
  • SUP 3: 1.1711 Low Aug 12
  • SUP 4: 1.1692 50-day EMA
EURUSD continues to trade above trendline support drawn off the May 14. Last week saw the price probe the trendline at 1.1755 before rebounding. Also, a key support at 1.1754, Aug 21 low survived a test on Sep 9 with the pair trading to a low of 1.1753 that day. This reinforces the importance of 1.1753 as a key pivot support, a break would signal a reversal. Resistance is at 1.1917, Sep 10 high. Key trend resistance is at 1.2011, Sep 1 high.

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.