Free Trial

Bulls Need Close Above 200-WMA....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above 200-WMA
*RES 4: $1.1814 Daily Bull channel top 
*RES 3: $1.1798 200-WMA 
*RES 2: $1.1776 2017High July 2 
*RES 1: $1.1763 Hourly resistance July 31
*PRICE: $1.1740 @ 0200GMT
*SUP 1: $1.1704 Hourly support July 28 
*SUP 2: $1.1671 Low July 28 
*SUP 3: $1.1648 Low July 27 
*SUP 4: $1.1611 Low July 26
*COMMENTARY: The $1.1648 support confirmed significance Friday with the pair
supported ahead resulting in a bullish close that sees immediate focus on
$1.1776-1.1870 where the bull channel top & 200-WMA are situated. O/B daily
studies and the Bollinger top ($1.1799) are key concerns for bulls. Bears now
need a close below $1.1704 to ease pressure on the 200-WMA and below $1.1648 to
pressure the key $1.1583-1.1611 support region.

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.