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Bearish below 1.1193: *RES 4:.....>

MNI (London)
EURO-DOLLAR TECHS: Bearish below 1.1193:
*RES 4: 1.1310/44 200-dma / Low Jun 25
*RES 3: 1.1286/88 High Jul 11 and Jul 5
*RES 2: 1.1244/46 100-dma / cloud top
*RES 1: 1.1193 Low Jul 9
*PRICE: 1.1149 @ 04:02 GMT July 26
*SUP 1: 1.1102 Low Jul 25
*SUP 2: 1.1076 Low May 18 2017
*SUP 3: 1.1000 Psychological round number
*SUP 4: 1.0864 76.4% retracement of the Jan 2017-Feb 2018 rally
EURUSD based ahead of 1.1100, before rallying hard through 1.1150. Despite this
the longer-term bearish trend remains intact following the recent break of
former key supports at 1.1193 and 1.1181 and a print yesterday below 1.1107, the
low of May 23. Momentum studies remain bearish and the focus is now on 1.1100
and support at 1.1076 from the May 18, 2017 low. 1.1193 provides initial
resistance, ahead of 1.1244.
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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