Free Trial

Above 55-WMA To Target............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Above 55-WMA To Target $1.2005-53
*RES 4: $1.2008 55-DMA
*RES 3: $1.2005 200-DMA
*RES 2: $1.1889 Alternating daily support/resistance
*RES 1: $1.1854 High May 16
*PRICE: $1.1782 @ 2130GMT
*SUP 1: $1.1730 21-DMA 
*SUP 2: $1.1724 Low June 8 
*SUP 3: $1.1708 Low June 6 
*SUP 4: $1.1616 Low June 1
*COMMENTARY: Hesitation ahead of the $1.1854-91 resistance last week is less
than ideal for bulls who need a close above the 55-WMA to shift immediate focus
back to $1.2005-53 where the 55 & 200-DMAs are situated. The dip below the
21-DMA Friday is a concern for bulls but a close below $1.1708 remains needed to
return initial focus to $1.1506-1.1616 where 2018 lows are located. Daily
studies now approaching O/B is a concern for bulls.

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.