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EURO-DOLLAR TECHS: Feeble bounce from multi-year lows:
*RES 4: 1.1075 High Sep 17
*RES 3: 1.1045 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0951 @ 15:43 GMT Sep 27
*SUP 1: 1.0905 Intraday/multi-year low
*SUP 2: 1.0887 3.0% Lower Bollinger Band
*SUP 3: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 4: 1.0821/39 April/May 2017 Low
EURUSD succumbed to further selling pressure at the tail-end of the week,
prompting a fresh multi-year low print at 1.0905. This puts the recent channel
top well out of range for now with the focus on the 3.0% Lower Bollinger Band at
1.0887 and Fibonacci retracement at 1.0862. An extension lower would see the
pair trading at levels not seen since mid 2017. The channel base drawn off the
May 26 high is at 1.0806. Resistance is at 1.0967.
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