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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.
EURO-DOLLAR TECHS
EURUSD is firmer today and key support at 1.1753 remains intact.
- A clear bull channel has developed since mid June, the start of the current bullish cycle.
- Drawn off the May 14 low, the pair recently tested the base of the bull channel at 1.1758, on Sep 9. A low print of 1.1753 was registered that day.
- Thus far, the channel base remains intact and this keeps the uptrend in place.
- A push higher is required to escape the clutches of the channel base and retest key trend resistance at 1.2011, Sep 1 high.
- Clearance of this hurdle would confirm a resumption of the uptrend and signal scope for a climb towards the channel top that currently intersects at 1.2218.
- A break of 1.1753 support would highlight a trendline break and alter the picture, as a reversal threat unfolds.
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.
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