Free Trial

Draghi leaves a dent: *RES 4:.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Draghi leaves a dent:
*RES 4: 1.1390 High Mar 22
*RES 3: 1.1348 High Jun 7 and key resistance
*RES 2: 1.1289 High Jun 14
*RES 1: 1.1236 20-day EMA
*PRICE: 1.1196 @ 08:39 GMT June 18
*SUP 1: 1.1152 Low Jun 3
*SUP 2: 1.1116 Low May 30
*SUP 3: 1.1107 Low May 23 and key support
*SUP 4: 1.1101 2.0% Lower Bollinger Band
EURUSD fell to two week lows as Draghi jawboned the currency, sending EUR
through initial support at (and just above) the 1.12 handle. This leaves markets
targeting 1.1152 to the downside ahead of the May30 low at 1.1116. Today's close
could prove important, with 1.12 viewed as a pivot point, bullish above and
bearish below short-term.

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.