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Consolidating: *RES 4:............>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: Consolidating:
*RES 4: 1.1250/60 High Aug 06 / Cloud base
*RES 3: 1.1218 100-dma and 50-dma
*RES 2: 1.1158 High Aug 15
*RES 1: 1.1114 High Aug 19
*PRICE: 1.1086 @ 03:31 GMT Aug 20
*SUP 1: 1.1066 Low Aug 16
*SUP 2: 1.1027 Low Aug 1 and key support
*SUP 3: 1.0963 Down Trendline from Nov 7 2017 low
*SUP 4: 1.0821 Low Apr 24 2017
EURUSD is consolidating just below the 1.1100 handle. The outlook for now
remains bearish, however an important intraday resistance has been defined at
1.1114, yesterday's high. If this level is cleared, scope would exist for a
corrective bounce back towards the 1.1200 handle. Prices need to move below last
weeks 1.1066 low to reopen the key bear trigger at 1.1027. A break would bring
the down trendline from the Nov 7 2017 low into play as key support.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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