Free Trial

Finishes on a Strong Note *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Finishes on a Strong Note
*RES 4: 1.1282 High Jul 19
*RES 3: 1.1250 High Aug 146
*RES 2: 1.1198 200-DMA
*RES 1: 1.1179 High Oct 21 and bull trigger
*PRICE: 1.1170 16:01 GMT Nov 1
*SUP 1: 1.1073 Low Oct 25
*SUP 2: 1.1072/64 50-day EMA / 38.2% of Oct 1 - Oct 21 climb
*SUP 3: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
*SUP 4: 1.0991 Low Oct 15
EURUSD bounced back toward the day's highs ahead of the close Friday,
maintaining the bullish theme that has been dominant over the past week. The
recovery off the recent 1.1073 low refocuses attention on key S/T resistance at
1.1179, Oct 21 high. Clearance of this level would confirm a resumption of the
uptrend and open the 200-DMA at 1.1198. A break would expose 1.1250. Strong
support lies at 1.1073 where a break is required to reinstate a bearish focus.

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.