Free Trial

Focus Back On $1.1774-1.1813......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus Back On $1.1774-1.1813
*RES 4: $1.2007 Daily Bull channel top
*RES 3: $1.2004 High Sept 22
*RES 2: $1.1961 High Nov 27
*RES 1: $1.1920 High Nov 28
*PRICE: $1.1832 @ 2000GMT
*SUP 1: $1.1813 Hourly support Nov 23 
*SUP 2: $1.1787 Daily Bull channel base 
*SUP 3: $1.1774 100-DMA 
*SUP 4: $1.1725 21-DMA
*COMMENTARY: Hesitation ahead of the daily bull channel top sees the pair
trading back below $1.1880 with a close below needed to see immediate pressure
shift to $1.1774-1.1813 where the daily bull channel base, 55 & 100-DMAs are
found. Overall bears now need a close below $1.1690 to target $1.1553 Nov 7
lows. Bulls now look for a close above $1.1920 to gain breathing room and above
$1.1961 to target the channel top once more.

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.