Free Trial

55-DMA Support Key This Week......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 55-DMA Support Key This Week
*RES 4: $1.1957 Hourly support Sept 22 now resistance 
*RES 3: $1.1937 Low Sept 22 now resistance 
*RES 2: $1.1891 Hourly support Sept 21 now resistance 
*RES 1: $1.1862 Low Sept 20 now resistance
*PRICE: $1.1859 @ 0200GMT
*SUP 1: $1.1833 Low Sept 25 
*SUP 2: $1.1822 Low Aug 31 
*SUP 3: $1.1798 55-DMA 
*SUP 4: $1.1709 Low Aug 18
*COMMENTARY: Pressure on the daily bull channel base has resulted in a break and
close below with immediate pressure on $1.1798-1.1822 where the 55-DMA is noted.
Bears need a close below the 55-DMA to confirm a break of $1.1822 and the bull
channel base, shifting focus to $1.1583-1.1658. Bulls now need a close above
$1.1891 to gain breathing room and above $1.1957 to retain focus on
$1.2028-1.2092 where the Bollinger top & 2017 highs are situated.

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.