Free Trial

Friday's Low Marks An important...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Friday's Low Marks An important S/T Support
*RES 4: 1.1495 High Mar 9 and primary resistance
*RES 3: 1.1460 High Jun 16
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1371/1404 High Jul 9 / High Jun 11
*PRICE: 1.1310 @ 11:09 BST Jul 13
*SUP 1: 1.1255 Low Jul 10 and key intraday support
*SUP 2: 1.1219 Low Jul 3
*SUP 3: 1.1168 Low Jun 19 and the bear trigger
*SUP 4: 1.1163 High Mar 30
EURUSD continues to trade above Friday's low of 1.1255 that offered support late
last week. Short-term price moves down are still considered corrective with a
bullish outlook dominating. This follows recent gains and last week's breach of
resistance at 1.1349, Jun 23 high. The break reinforced bullish conditions and
highlights potential for a climb towards 1.1422, Apr 10 high. 1.1255, Jul 10 low
marks an important short-term support. 

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.