Free Trial

Bullish Above 1.0800 *RES 4:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Above 1.0800
*RES 4: 1.1039 High Apr 1
*RES 3: 1.0991 High Apr 15 and the bull trigger
*RES 2: 1.0928 50-day EMA
*RES 1: 1.0891/97 Intraday high / High Apr 20
*PRICE: 1.0881 @ 10:16 BST Apr 30
*SUP 1: 1.0799 Low Apr 27
*SUP 2: 1.0727 Apr 24 low and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0690 0.764 projection of Mar 30 - Apr 6 sell-off from Apr 15 high
EURUSD has probed the 1.0888 resistance 1.0888, Tuesday's high. For now, a
near-term bullish theme remains intact. A positive outlook follows the recent
bounce off 1.0727, Apr 24 low and the move higher has halted for now at least,
the recent bearish phase. Attention is on the 1.0897 resistance, Apr 20 high. A
break would reinforce a bullish tone and open 1.0991, Apr 15 high. On the
downside, sub 1.0800 levels would instead expose key support at 1.0727.

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.