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Free Access$1.1829-84 Resistance Key *RES....>
EURO-DOLLAR TECHS: $1.1829-84 Resistance Key
*RES 4: $1.1862 Low Sept 20 now resistance
*RES 3: $1.1833 Low Sept 25 now resistance
*RES 2: $1.1829 55-DMA
*RES 1: $1.1788 High Oct 4
*PRICE: $1.1764 @ 1930GMT
*SUP 1: $1.1730 Alternating hourly support/resistance
*SUP 2: $1.1696 Low Oct 3
*SUP 3: $1.1667 Daily Bear channel base
*SUP 4: $1.1661 Low Aug 17
*COMMENTARY: Follow through was lacking on Tuesday's break of $1.1710 which is
less than ideal given daily studies looking to correct from O/S. Layers of
resistance remain with bulls now needing a close above $1.1788 to hint at a
correction back to $1.1829-84 where 21 & 55-DMAs are noted. Above the 21-DMA
($1.1884) then targets $1.2033-92. Bears now need a close below $1.1732 to
retain focus on $1.1583-1.1667.
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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.