Trial now

Steeper Overnight


Kiwi Starts The Week On The Back Foot


RBA Minutes In Focus

Bears Focused On Channel Base.....>

EURO-DOLLAR TECHS: Bears Focused On Channel Base
*RES 4: $1.1690 High Nov 3 
*RES 3: $1.1639 Hourly support Nov 3 now resistance 
*RES 2: $1.1624 High Nov 6 
*RES 1: $1.1601 Hourly support Nov 7 now resistance
*PRICE: $1.1584 @ 2000GMT
*SUP 1: $1.1554 Low Nov 7 
*SUP 2: $1.1541 Bollinger band base 
*SUP 3: $1.1474 Daily bear channel base 
*SUP 4: $1.1369 High July 5 now support
*COMMENTARY: Bears took comfort in the 100-DMA capping  last week with focus
currently on the bear channel base ($1.1474). O/S daily studies and the
Bollinger band base ($1.1541) remain key concerns for bears with a close below
$1.1554 now needed to add weight to their case. Layers of resistance remain with
bulls needing a close above $1.1624 to ease immediate bearish pressure and above
the channel top ($1.1749) to shift focus to $1.1816-80.