Free Trial

DOLLAR-INDEX TECHS: Topside Follow Through.......>

US
US: DOLLAR-INDEX TECHS: Topside Follow Through Lacking
*RES 4: 94.695 - Hourly resistance May 30 
*RES 3: 94.450 - High June 1 
*RES 2: 94.028 - High June 13 
*RES 1: 93.714 - Hourly resistance June 13
*PRICE: 93.490 @ 0430GMT
*SUP 1: 93.366 - Low June 11
*SUP 2: 93.213 - Low June 7
*SUP 3: 92.841 - Alternating daily support/resistance
*SUP 4: 92.223 - Low May 14
*COMMENTARY: The lack of topside follow through on the break of 93.933 leaves
the index looking a little offered with focus back on the 93.213 support. Bears
now look for a close below this level to add weight to the case for a test of
92.035-223 where 55 & 200-DMAs are located. Bulls now need a close above 94.028
to gain breathing room and above 94.450 to initially focus on 2018 highs.

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.