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Market News Topics
September 13, 2017 02:04 GMT
$1.1992-1.2045 Resistance.........>
EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1992-1.2045 Resistance Region Key
*RES 4: $1.2187 High Dec 30 2014
*RES 3: $1.2092 2017 High Sept 8
*RES 2: $1.2045 Hourly resistance Sept 8
*RES 1: $1.1992 Hourly resistance Sept 11
*PRICE: $1.1985 @ 0200GMT
*SUP 1: $1.1926 Low Sept 12
*SUP 2: $1.1903 Hourly support Sept 6
*SUP 3: $1.1868 Low Sept 5
*SUP 4: $1.1823 Low Sept 1
*COMMENTARY: Friday's lack of topside follow through was followed up Monday with
a close below $1.1984 that confirmed an easing of bullish pressure and sees
immediate focus on tests of $1.1823-87 where the 21-DMA is situated. Overall
bearish focus is on the daily bull channel base ($1.1788). Bulls continue to
look for a close above $1.1992 to gain breathing room and above $1.2045 to
return initial focus to retests of recent 2017 highs.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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