MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Approaching Key Support

EURUSD TECHS
  • RES 4: 1.1909 High Jul 30 / Sep 03 and a key resistance
  • RES 3: 1.1888 1.0% 10-dma envelope
  • RES 2: 1.1846 High Sep 14
  • RES 1: 1.1776 20-day EMA
  • PRICE: 1.1732 @ 17:06 BST Sep 23
  • SUP 1: 1.1684 Low Sep 23
  • SUP 2: 1.1664 Low Aug 20 and the bear trigger
  • SUP 3: 1.1621 1.00 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1603 Low Nov 4, 2020

EURUSD traded lower Wednesday following the Fed decision, reinforcing the current bearish position. The move lower that started Sep 9 has cleared 1.1770, Sep 13 low and 1.1758, 61.8% of the Aug 20 - Sep 3 rally. This week's extension lower has also resulted in a breach of 1.1722, the 76.4% retracement and opens key support at 1.1664, Aug 20 low and an important bear trigger. Initial firm resistance is seen at 1.1776, the 20-day EMA.

Foreign Exchange Technical AnalysisHomepageForeign Exchange NewsTopicsmarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepageForeign Exchange NewsTopicsmarkets-real-timeBulletMarketsForeign Exchange Bullets

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.