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Free AccessDOLLAR-INDEX TECHS: Bulls Need Close Above.......>
US: DOLLAR-INDEX TECHS: Bulls Need Close Above 94.219
*RES 4: 94.260 - Bollinger band top
*RES 3: 94.219 - Monthly High Dec 12
*RES 2: 94.188 - 2018 High May 23
*RES 1: 93.978 - High May 24
*PRICE: 93.923 @ 0340GMT
*SUP 1: 93.611 - Low May 24
*SUP 2: 93.291 - Low May 22
*SUP 3: 93.051 - Hourly support May 15
*SUP 4: 92.985 - 21-DMA
*COMMENTARY: The lack of topside follow through on recent 2018 highs remains a
concern this week. Daily studies correcting from O/B remain a concern for bulls.
Bulls need a close above 94.219 to reconfirm a bullish bias and retain focus on
the 200-WMA (94.784). Bears now need a close below 93.611 to gain breathing room
and below 93.291 to shift initial focus back to 91.957-92.223 where 21 &
200-DMAs are noted.
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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.