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Free Access$1.1795 Support Remains Key.......>
EURO-DOLLAR TECHS: $1.1795 Support Remains Key
*RES 4: $1.2033 High Sept 20
*RES 3: $1.1886 Daily Bear channel top
*RES 2: $1.1880 High Oct 12
*RES 1: $1.1849 Hourly resistance Oct 13
*PRICE: $1.1807 @ 0430GMT
*SUP 1: $1.1795 Hourly support Oct 10
*SUP 2: $1.1756 Hourly resistance Oct 9 now support
*SUP 3: $1.1739 Hourly support Oct 10
*SUP 4: $1.1716 Hourly resistance Oct 6 now support
*COMMENTARY: The break of the $1.1862 resistance has so far lacked follow
through with the pair capped around the daily bear channel top Thursday. The
$1.1795 support remains key. Bears continue to look for a close below $1.1795 to
shift focus back to the $1.1583-1.1661 region. While $1.1795 supports bulls look
for a close above the bear channel top to shift focus to $1.2033-92 where 2017
highs are noted.
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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.