Free Trial

DOLLAR-INDEX TECHS: Bulls Need Close Above.......>

US
US: DOLLAR-INDEX TECHS: Bulls Need Close Above 94.602
*RES 4: 94.602 - Hourly support July 20 now resistance 
*RES 3: 94.357 - Hourly resistance July 21 
*RES 2: 94.285 - High July 26 
*RES 1: 94.103 - High July 27
*PRICE: 93.924 @ 2130GMT
*SUP 1: 93.650 - Hourly support July 27
*SUP 2: 93.152 - 2017 Low July 27
*SUP 3: 93.019 - Monthly Low June 23 2016
*SUP 4: 92.270 - 200-WMA
*COMMENTARY: The lack of downside follow through on fresh 2017 and 13mth lows is
less than ideal for bears when combined with daily studies looking to correct
from O/S. Bulls now look for a close above 94.602 to confirm an easing of
bearish pressure and shift focus to 95.163-95.464 where the 21-DMA (95.163) is
noted. Initial support is now noted at 93.650 with bears needing a close below
to retain focus on tests of the 200-WMA.

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.