Free Trial

Focus Back On 2017 High *RES 4:...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus Back On 2017 High
*RES 4: $1.2569 Monthly High Dec 16 2014
*RES 3: $1.2360 Low Dec 10 2014 now resistance
*RES 2: $1.2254 High Dec 25 2014
*RES 1: $1.2092 2017 High Sept 8
*PRICE: $1.2047 @ 0220GMT
*SUP 1: $1.2018 High Jan 10 now support 
*SUP 2: $1.1973 Alternating hourly support/resistance 
*SUP 3: $1.1934 21-DMA 
*SUP 4: $1.1914 Low Jan 9
*COMMENTARY: Pressure on the 21-DMA failed to produce a break below to pressure
55 & 100-DMAs and the bull channel base ($1.1862) with the bounce easing
pressure on key supports and returning focus to 2017 highs. Bulls need a close
above 2017 highs to shift overall focus to tests of $1.2569 Dec 2014 monthly
highs. Bears now need a close below $1.2018 to gain breathing room and below
$1.1914 to pressure $1.1823-1.1862.

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.