Free Trial

Bulls Focused On LT Bear..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Focused On LT Bear Channel Top
*RES 4: $1.2536 2018 High Jan 25
*RES 3: $1.2525 Bollinger band top
*RES 2: $1.2522 High Feb 1
*RES 1: $1.2498 Hourly resistance Feb 2
*PRICE: $1.2459 @ 0530GMT
*SUP 1: $1.2442 Hourly resistance Feb 14 now support 
*SUP 2: $1.2384 Hourly support Feb 14 
*SUP 3: $1.2330 Hourly resistance Feb 14 now support 
*SUP 4: $1.2277 Low Feb 14
*COMMENTARY: Having closed above the 21-DMA ($1.2254) Tuesday gains Wednesday
sees immediate focus back on the $1.2522-1.2665 region where the weekly bear
channel top and 2018 highs are situated. Daily studies are ideally placed for a
fresh leg higher. Layers of support have been left in the wake with bears now
needing a close below $1.2384 to ease bullish pressure and below $1.2163 to
initially pressure $1.2017-92.

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.