Free Trial

Channel resistance out of the.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Channel resistance out of the way:
*RES 4: 1.1164 High Aug 26
*RES 3: 1.1143 2% Upper Bollinger Band
*RES 3: 1.1139 1.0% 10-dma envelope
*RES 1: 1.1109 High Sep 12
*PRICE: 1.1074 @ 15:43 GMT Sep 13
*SUP 1: 1.0927/26 Low Sep 12 and Sep 3
*SUP 2: 1.0921 3.0% Lower Bollinger Band
*SUP 3: 1.0864 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 4: 1.0860 Bear channel base drawn ff Jun 25 high
For those looking for intraday volatility, the ECB delivered in size Thursday.
The quick recovery in EURUSD back to the day's highs will instill some
confidence in bulls. 1.1099, the bull channel top drawn off the Jun 25 high has
been probed, turning focus to 1.1141 resistance. 1.1000 is expected to provide
some support, the key level though lies at 1.0927/26. A break would dent bullish
sentiment.

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.