Free Trial

Bullish Outlook Despite...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Despite Pullback
*RES 4: 1.1495 High Mar 9 and primary resistance
*RES 3: 1.1460 High Jun 16
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1371/1404 Intraday high / High Jun 11
*PRICE: 1.1324 @ 10:16 BST Jul 9
*SUP 1: 1.1259 Low Jul 7
*SUP 2: 1.1219 Low Jul 3
*SUP 3: 1.1168 Low Jun 19 and the bear trigger
*SUP 4: 1.1163 High Mar 30
EURUSD extended yesterday's gains in the Asia session but has since retraced the
entire move. For now, a bullish theme remains intact. The pair has breached
resistance 1.1349, Jun 23 high to reinforce bullish conditions and this
highlights potential for a climb towards the next key hurdle for bulls at
1.1422, Apr 10 high. A break of this resistance would open 1.1495 further out,
Mar 9 high. On the downside, support is seen at 1.1259, the Jul 7 low.

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.