Free Trial

Bulls Need Close Above $1.1838....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above $1.1838
*RES 4: $1.2032 High May 2
*RES 3: $1.2019 200-DMA
*RES 2: $1.1889 Alternating daily support/resistance
*RES 1: $1.1838 High May 17
*PRICE: $1.1791 @ 2130GMT
*SUP 1: $1.1715 2018 Low May 21 
*SUP 2: $1.1690 High Nov 3 now support 
*SUP 3: $1.1688 Bollinger band base 
*SUP 4: $1.1552 Monthly Low Nov 7
*COMMENTARY: Fresh 2018 lows to start the new week have lacked follow through
with the pair bouncing from ahead of the Bollinger band base. In saying that,
bulls continue to look for a close above $1.1838 to gain breathing room and
above $1.1889 to target a correction back to $1.1962-1.2053 where 21 & 200-DMAs
are noted. While $1.1838 caps bears retain immediate focus on $1.1690-1.1715
with overall focus on $1.1552 Now lows.

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.