Free Trial

Capped Ahead Of Key Resistance....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Capped Ahead Of Key Resistance
*RES 4: $1.1880 High Oct 12 
*RES 3: $1.1858 High Oct 19 
*RES 2: $1.1826 Hourly resistance Oct 20 
*RES 1: $1.1790 Hourly resistance Oct 20a
*PRICE: $1.1759 @ 1930GMT
*SUP 1: $1.1731 Low Oct 18 
*SUP 2: $1.1716 Hourly resistance Oct 6 now support 
*SUP 3: $1.1669 Low Oct 6 
*SUP 4: $1.1661 Low Aug 17
*COMMENTARY: Rallies the past two weeks have remained capped ahead of the daily
bears channel top with the pair ending the week on a heavy note with immediate
focus on $1.1731 to start the new week. Bears need a close below $1.1731 to
reconfirm focus on $1.1583-1.1669. Resistance layers building are weighing with
layers of resistance $1.1826-80 key. Bulls continue to look for a close above
$1.1880 to shift focus back to $1.2033.

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.