Free Trial
AUSSIE BONDS

AUCTION PREVIEW: ACGB Nov-27 Supply Due

NZD

Dips Following Trade Figures

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
EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Despite Pullback
*RES 4: 1.1518 1.500 projection of Mar 23 - 30 climb from Apr 24 low
*RES 3: 1.1495 High Mar 9 and primary resistance
*RES 2: 1.1460 High Jun 16
*RES 1: 1.1452 High Jul 15 and the intraday bull trigger
*PRICE: 1.1386 @ 05:48 BST Jul 17
*SUP 1: 1.1325 Low Jul 14
*SUP 2: 1.1255 Low Jul 10 and key near-term support
*SUP 3: 1.1219 Low Jul 3
*SUP 4: 1.1168 Low Jun 19 and the bear trigger
Despite yesterday's weakness, EURUSD maintains its current bullish theme and
further gains are seen likely near-term. This week's break of 1.1422 confirms a
resumption of the uptrend that has been in place since the reversal on Mar 23.
The move higher paves the way for a climb towards the Mar 9 high of 1.1495, a
major resistance. On the downside, initial firm support lies at 1.1325, Jul 14
low.

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.