Free Trial

Breaks key support: *RES 4: 122.54...>

EURO-YEN TECHS
EURO-YEN TECHS: Breaks key support:
*RES 4: 122.54 High Jul 2
*RES 3: 122.32 High Jul 10
*RES 2: 121.85 High Jul 15
*RES 1: 121.36/42 200-hma / Low Jul 15
*PRICE: 120.57 @ 15:29 GMT Jul 23
*SUP 1: 120.14 1% Lower 10-dma envelope
*SUP 2: 120.00 Psychological round number
*SUP 3: 119.94 3% Lower Bollinger Band
*SUP 4: 118.71 Ytd low
The rate took out 120.78 Tuesday, marking the early June and key support. This,
and the recent break break of its channel base on Jul 18, is expected to weigh
further near-term. This opens 120.00 ahead of the ytd low of 118.71. Key
resistance has been defined at 122.32, the Jul 10 high. Initial resistance is at
the 121.38/85 zone.

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.