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$1.1880 Resistance Key To.........>
EURO-DOLLAR TECHS: $1.1880 Resistance Key To Further Gains
*RES 4: $1.1880 High Oct 12
*RES 3: $1.1861 High Nov 15
*RES 2: $1.1822 High Nov 17
*RES 1: $1.1758 Low Nov 16 now resistance
*PRICE: $1.1731 @ 0530GMT
*SUP 1: $1.1687 21-DMA
*SUP 2: $1.1678 High Nov 10 now support
*SUP 3: $1.1638 Hourly support Nov 9 & 10
*SUP 4: $1.1622 Hourly support Nov 9
*COMMENTARY: The break of the bear channel top and 100-DMA last week saw a
rally, only to remain capped ahead of the previously noted $1.1880 resistance.
Bulls continue to look for a close above this level to confirm traction above
the 55-DMA ($1.1788) and initially target $1.2033. Daily studies approaching O/B
is less than ideal and the Bollinger top ($1.1836) currently limits topside
follow through. Bears need a close below the 21-DMA to target $1.1554.
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Why MNI
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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.