Free Trial

$1.1826-80 Resistance Region......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1826-80 Resistance Region Key
*RES 4: $1.1858 High Oct 19 
*RES 3: $1.1829 Daily Bear channel top 
*RES 2: $1.1826 Hourly resistance Oct 20 
*RES 1: $1.1793 High Oct 24
*PRICE: $1.1766 @ 1930GMT
*SUP 1: $1.1742 Low Oct 24 
*SUP 2: $1.1725 Low Oct 23 
*SUP 3: $1.1716 Hourly resistance Oct 6 now support 
*SUP 4: $1.1669 Low Oct 6
*COMMENTARY: Rallies the past two weeks have remained capped ahead of the daily
bear channel top with focus having shifted to layers of support $1.1583-1.1669.
Bulls look for a close above the 21-DMA ($1.1780) to gain breathing room. The
$1.1826-80 resistance region remains key. Bulls need a close above $1.1880 to
confirm a break of the bear channel top ($1.1829) & 55-DMA ($1.1840) and shift
focus back to $1.2033.

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.