MNI: Bloc Leader Cool To Poilievre Snap Canada Election Demand

MNI BRIEF: EU Exposure To Global Trade Break "High" - Draghi

MNI China Daily Summary: Monday, Sept 9

MNI BRIEF: Mexico Inflation Falls To 4.99% In August

MNI BRIEF: China Aug CPI Rises To Half-year High At 0.6% Y/y

MNI: PBOC Net Injects CNY88 Bln via OMO Monday

EZ/UK Bond Supply Calendar: EU, IT Syndis; NE, UK, DE Due Tuesday

MNI:US JUL WHOLESALE INV 0.2%; SALES 1.1%

ECB Data Watch

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gives Back Friday’s Gains

EURUSD TECHS
  • RES 4: 1.1608 High Nov 9
  • RES 3: 1.1514 Low Nov 5
  • RES 2: 1.1447 Bear channel top drawn from the Jun 1 high
  • RES 1: 1.1383/86 High Nov 30 / High Dec 31
  • PRICE: 1.1332 @ 17:11 GMT Jan 10
  • SUP 1: 1.1272/22 Low Jan 04 / Low Dec 15
  • SUP 2: 1.1186/85 Low Nov 24 / Low Jul 1, 2020 and the bear trigger
  • SUP 3: 1.1128 1.764 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1040 76.4% retracement of the Mar ‘20 - Jan ‘21 uptrend

EURUSD started the week on a softer note and retraced Friday’s gains. The pair remains inside its range and below key resistance at 1.1383/86, the Nov 30 and Dec 31 highs. The broader trend is bearish and the MA set-up reinforces this theme. An extension lower would open 1.1272/22, the Jan 04 and Dec 15 lows ahead of the bear trigger at 1.1186/85. For bulls, clearance of 1.13783/86 would suggest scope for a stronger recovery.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.