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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.
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Free AccessChannel top holding firm: *RES....>
EURO-DOLLAR TECHS: Channel top holding firm:
*RES 3: 1.1102/44 2% Upper Bollinger Band/1.0% 10-dma envelope
*RES 2: 1.1109 High Sep 12 and key reversal point
*RES 1: 1.1066 Channel resistance drawn off May 26 high
*PRICE: 1.0978 @ 08:07 GMT Sep 23
*SUP 1: 1.0966 Intraday Low
*SUP 2: 1.0925 3.0% Lower Bollinger Band
*SUP 3: 1.0927/26 Low Sep 12 and Sep 3
A woeful set of Eurozone PMIs sent the single currency spiralling early Monday,
keeping the near-term upside target at the channel top in tact. This morning's
moves keep the bias tilted negative, with bears eyeing the 3.0% lower Bollinger
Band at 1.0925 for direction. Last week, EURUSD failed to clear the the key
channel resistance drawn off the Jun 25 high (1.1066), keeping the bearish
outlook dominant for now. Recent candle patterns including a shooting star on
Sep 13 warned of a top and a bearish engulfing on Sep 16 reinforces recent
bearish developments.
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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.