Free Trial
CNH

USD/CNH Runs Into Resistance Near 7.00

AUSSIE 3-YEAR TECHS

(H3) Retracement Mode

AUSSIE BONDS

Flat To A Touch Cheaper

BONDS

NZGBS: Light Bid In Catch Up To Tsys

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

Bulls Need Close Above 21-DMA.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above 21-DMA
*RES 4: $1.1961 High Nov 27
*RES 3: $1.1940 High Dec 1
*RES 2: $1.1884 Alternating hourly support/resistance
*RES 1: $1.1848 High Dec 6
*PRICE: $1.1820 @ 2030GMT
*SUP 1: $1.1779 Hourly breakout level Dec 13 
*SUP 2: $1.1729 Low Dec 13 
*SUP 3: $1.1713 Low Nov 21 
*SUP 4: $1.1690 High Nov 3 now support
*COMMENTARY: The failure by bears to manage a break of the key $1.1690 support
sees the pair correcting higher with bulls now looking for a close above the
21-DMA ($1.1814) to add support to the case for a move back to $1.1940-61 and
above $1.1884 to confirm. Daily studies are well placed for further topside.
Bears now need a close below $1.1779 to ease immediate bullish pressure.

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.