Free Trial
COPPER TECHS

(U2) Eyeing Key Support

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bears Focused On Channel Base.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Focused On Channel Base
*RES 4: $1.1717 100-DMA 
*RES 3: $1.1690 High Nov 3 
*RES 2: $1.1639 Hourly support Nov 3 now resistance 
*RES 1: $1.1624 High Nov 6
*PRICE: $1.1596 @ 0225GMT
*SUP 1: $1.1554 Low Nov 7 
*SUP 2: $1.1519 Bollinger band base 
*SUP 3: $1.1466 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 on
the bear channel base ($1.1466). O/S daily studies and the Bollinger band base
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
($1.1741) to shift focus to $1.1809-80.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.