Free Trial

Finds Support From Above..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Finds Support From Above $1.1828 Projection Target
*RES 4: $1.2009 May 3 high
*RES 3: $1.1978 May 7 high
*RES 2: $1.1939 Intraday high
*RES 1: $1.1900/10 Hourly resistance
*PRICE: $1.1884 @1625GMT 
*SUP 1: $1.1828 1.618x $1.2556-$1.2155 from $1.2477
*SUP 2: $1.1790 76.4% Fibo of $1.1554-$1.2556
*SUP 3: $1.1778 2% volatility band
*SUP 4: $1.1738 Dec 15 low
*COMMENTARY* Pushing lower again today, initially below the swing target at
$1.1894 and then more latterly hourly support at $1.1868. A low of $1.1838 on
the day, just above the next support from the projection target at $1.1828. This
the remaining protection to the key 76.4% Fibo level at $1.1790. Resistance from
$1.1900-$1.1910, although it will currently take a move above $1.1939-$1.1978 to
raise any corrective hopes of the fall from last month's $1.2414 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.