Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Eyeing Key Resistance *RES 4:.....>

EURO-DOLLAR TECHS: Eyeing Key Resistance
*RES 4: 1.1163 High Mar 30
*RES 3: 1.1039 High Apr 1
*RES 2: 1.1018 High May 1 and key resistance
*RES 1: 1.0999 High May 20
*PRICE: 1.0962 @ 05:27 BST May 21
*SUP 1: 1.0902 Low May 19
*SUP 2: 1.0800 Low May 18
*SUP 3: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 4: 1.0727 Low Apr 24 and bear trigger
EURUSD traded higher yesterday and maintains a bullish tone following this
week's recovery. The clearance of 1.0896, May 13 high shifts attention towards
the bull trigger at 1.1018, May 1 high where a break is required to confirm a
bullish reversal. On the downside, a failure to hold onto gains would again
expose support at 1.0767, the May 7 low. A break would instead resume bearish
pressure and open 1.0727 once again, Apr 24 low. Initial support is at 1.0902.

To read the full story

Why Subscribe to


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.