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Free Access$1.1862 Resistance Key This.......>
EURO-DOLLAR TECHS: $1.1862 Resistance Key This Week
*RES 4: $1.1862 Low Sept 20 now resistance
*RES 3: $1.1838 21-DMA
*RES 2: $1.1836 55-DMA
*RES 1: $1.1788 High Oct 4
*PRICE: $1.1770 @ 0430GMT
*SUP 1: $1.1756 Hourly resistance Oct 9 now support
*SUP 2: $1.1739 Hourly support Oct 10
*SUP 3: $1.1716 Hourly resistance Oct 6 now support
*SUP 4: $1.1661 Low Aug 17
*COMMENTARY: Follow through was lacking on fresh lows for the week Friday with
the pair finding support and bouncing ahead of the daily bear channel base and
layers of support $1.1583-1.1661. Below $1.1583 is needed to see bears shift
focus to $1.1477. Bulls now need a close above $1.1788 to hint at a correction
back to $1.1836-62 where 21 & 55-DMAs are noted. Daily studies correcting from
O/S are the key concern for bears.
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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.