Free Trial

DOLLAR-INDEX TECHS: Below 88.438 Targets.........>

US
US: DOLLAR-INDEX TECHS: Below 88.438 Targets 86.879-87.627
*RES 4: 90.294 - Hourly resistance Jan 23 
*RES 3: 90.113 - Hourly resistance Jan 24 
*RES 2: 89.637 - High Jan 30 
*RES 1: 89.425 - High Feb 2
*PRICE: 89.195 @ 2030GMT
*SUP 1: 88.925 - Hourly resistance Feb 1 now support
*SUP 2: 88.438 - 2018 Low Jan 25
*SUP 3: 87.627 - Monthly Low Dec 16 2014
*SUP 4: 87.451 - Weekly bear channel base
*COMMENTARY: Pressure returning to 2018 lows has failed to produce the close
below needed to add weight to the case for a test of the weekly bear channel
base. Correcting O/S studies remain the key concern for bears. Bulls now need a
close above 89.637 to ease immediate bearish pressure and above the 21-DMA to
shift initial focus to 91.011-751. 89.637 caps bears focus on a close below
88.438.

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.