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Free AccessContinues To Find Support *RES....>
EURO-DOLLAR TECHS: Continues To Find Support
*RES 4: 1.1179 Oct 21 high and key bull trigger
*RES 3: 1.1140 High Nov 5
*RES 2: 1.1093 High Nov 6
*RES 1: 1.1073 Former double top midpoint
*PRICE: 1.1060 05:25 GMT Nov 18
*SUP 1: 1.1015 Low Nov 15
*SUP 2: 1.0989 Low Nov 14 and key support
*SUP 3: 1.0967 Double top projection
*SUP 4: 1.0950 76.4% of Oct 1 - Oct 21 climb
EURUSD ended last week on a firmer note and has pushed higher overnight. It is
too early to tell whether this recovery marks the end of the recent sell-off.
For now, attention is on resistance at 1.1073, Oct 25 low and the former double
top mid-point. A break above this resistance and above 1.1093, Nov 6 high is
needed to suggest the possibility of a stronger recovery. The key near-term
support is 1.0989, last weeks low. A break would resume a bearish theme.
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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.