Free Trial

$1.1790-1.1861 Resistance.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1790-1.1861 Resistance Region Key
*RES 4: $1.1861 Hourly support Aug 3 now resistance 
*RES 3: $1.1810 Hourly support Aug 14 now resistance 
*RES 2: $1.1790 High Aug 17 
*RES 1: $1.1763 Hourly support Aug 16 now resistance
*PRICE: $1.1721 @ 0430GMT
*SUP 1: $1.1714 Hourly resistance Aug 17 now support 
*SUP 2: $1.1663 Low Aug 17 
*SUP 3: $1.1648 Low July 27 
*SUP 4: $1.1611 Low July 26
*COMMENTARY: Support continues to emerge on dips below $1.1700 which provides
bulls some comfort but a close above $1.1810 is now needed to gain breathing
room with above $1.1861 to shift focus back to $1.1902-1.2033. The daily bull
channel base comes in around $1.1593 today with bears needing a close below
$1.1583 to confirm a break and shift immediate focus to the 55-DMA ($1.1481).

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.