Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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
EURO-DOLLAR TECHS: Channel Base Defied - For Now:
*RES 3: 1.1034 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0932 @ 15:52 GMT Oct 1
*SUP 1: 1.0879 Intraday low
*SUP 2: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 3: 1.0854 3.0% Lower Bollinger Band
EURUSD remains heavy following Monday's renewed selling pressure and Tuesday's
follow through, which hit a fresh multi-year low at 1.0879, as prices move
further away from the channel top. The channel base was rejected Tuesday,
however, as broad-based USD selling defied EUR/USD bears. The focus remains on
the 3.0% Lower Bollinger Band at 1.0854 and Fibonacci level at 1.0862. An
extension lower would see the pair trading at levels not seen since mid 2017.
The channel base drawn off the May 26 high is at 1.0795. Resistance is at
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.