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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.
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Free AccessExtends Today's Gains *RES 4:.....>
EURO-DOLLAR TECHS: Extends Today's Gains
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1226 1.0% 10-dma envelope
*RES 2: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*RES 1: 1.1179 High Dec 27
*PRICE: 1.1174 @ 16:27 GMT Dec 27
*SUP 1: 1.1096 Intraday low
*SUP 2: 1.1066/61 Low Dec 20 / 100-dma
*SUP 3: 1.1040 Low Dec 6 and key support
*SUP 4: 1.0999/81 Lower 1.0% 10-dma envelope / Low Nov 29 and key support
EURUSD extended gains throughout the Friday session. Early indications are that
the recent pullback has run its course, defining a key short-term support at
1.1066, Dec 12 low. The pair has traded above 1.1125, this reinforces a positive
theme and signals potential for a retest of key resistance at 1.1199, high Dec
13. With support defined at 1.1066, a break is needed to reinstate a bearish
threat and open 1.1040.
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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.