Free Trial

Established A Base *RES 4:........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Established A Base
*RES 4: 1.1495 High Mar 09 and major resistance
*RES 3: 1.1422 High Jun 10 and the bull trigger
*RES 2: 1.1353 High Jun 16 and intraday key resistance
*RES 1: 1.1294 High Jun 17
*PRICE: 1.1264 @ 05:41 BST Jun 23
*SUP 1: 1.1168 Low Jun 19
*SUP 2: 1.1163 High Mar 30
*SUP 3: 1.1098 50.0% retracement of the May 14 - Jun 10 rally
*SUP 4: 1.1084 50-day EMA
EURUSD found support yesterday and has defined a near-term base at 1.1168, low
Jun 19. If yesterday's recovery marks the end of the recent move lower, price
action will need to hold above 1.1168. Gains would pave the way for a climb
towards 1.1353, Jun 16 high and the hurdle ahead of key resistance at 1.1422,
Jun 10 high. A move below 1.1168 would reinstate the recent bearish pressure and
open 1.1098.

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.