Free Trial

Capped Ahead Of $1.1884 For Now...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Capped Ahead Of $1.1884 For Now
*RES 4: $1.1940 High Dec 1
*RES 3: $1.1884 Alternating hourly support/resistance
*RES 2: $1.1862 High Dec 14
*RES 1: $1.1811 Hourly support Dec 14 now resistance
*PRICE: $1.1783 @ 0200GMT
*SUP 1: $1.1758 55-DMA 
*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 lack of follow through after Wednesday's rally and the spike
towards $1.1884 Thursday is less than ideal for bulls. Bears now look for a
close below the 55-DMA to confirm a return in focus to the key $1.1690 support.
Below $1.1690 remains needed to target $1.1552 Nov lows. Bulls now need a close
above $1.1811 to retain focus on the 1.1940-61 region with a close above $1.1884
also needed to add support to the bullish case.

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.