Free Trial

$1.1785-95 Resistance Keeps.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1785-95 Resistance Keeps Immediate Interest Lower
*RES 4: $1.1880 Oct 12 high
*RES 3: $1.1858 Oct 19-Oct 20 highs
*RES 2: $1.1826/27 Hourly low Oct 19, hourly high Oct 20
*RES 1: $1.1785/95 Hourly resistance
*PRICE: $1.1765 @1535GMT 
*SUP 1: $1.1725/30 Oct 23, Oct 18 lows
*SUP 2: $1.1705 Congestion area Oct 5-6
*SUP 3: $1.1681 1% volatility band
*SUP 4: $1.1649/51 Oct 6 low, 1.618 swing $1.1730-$1.1858
*COMMENTARY* Pressure back on the base of the recent consolidation, a low of
$1.1725 on Monday. The subsequent bounce helps to remove some of the resultant
oversold conditions but requires a move back through $1.1785-95 before any real
impetus will follow. Below $1.1725 and focus will switch to $1.1705 next, this
the protection to the lower 1% volatility band at $1.1681 and dual support
between $1.1651-$1.1649.

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.