Free Trial

EURUSD: Softer *RES 4: 1.1495.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: EURUSD: Softer
*RES 4: 1.1495 High Mar 09 and major resistance
*RES 3: 1.1460 High Mar 10
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1353 High Jun 16 and intraday key resistance
*PRICE: 1.1246 @ 05:39 BST Jun 18
*SUP 1: 1.1207 Low Jun 17
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1189/88 1.0% 10-dma envelope / 20-day EMA
*SUP 4: 1.1163 High Mar 30
EURUSD inched back into the lower levels of the recent range and probed 1.1213,
Jun 12 low. The outlook remains bearish following the reversal off 1.1422, Jun
10 high. Also, a bearish engulfing candle on Jun 11 highlighted a shift in
sentiment and this pattern continues to play a role. A clear break of 1.1213 and
1.1195 would confirm a bearish outlook opening 1.1163, Mar 30 high. Initial firm
resistance is at 1.1353, Tuesday's high.

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.