Free Trial

(H18) 97.910 Pressured After....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) 97.910 Pressured After Loss Of 97.935 Fibo Support
*RES 4: 98.065 Feb 8 low, now resistance
*RES 3: 98.040 Feb 13 high
*RES 2: 98.005 Feb 12 low, now resistance
*RES 1: 97.965 Feb 20 high
*PRICE: 97.905 @1205GMT
*SUP 1: 97.905/910 Intraday, Aug 10 2015 lows
*SUP 2: 97.845 Aug 3 2015 low
*SUP 3: 97.780 Jul 20 2015 low
*SUP 4: 97.765 Jul 6 2015 low
*COMMENTARY* The decline continues to grow apace, the latest fall leaving the
76.4% Fibo retrace level at 97.935 in it's wake. Next for consideration is the
Aug 10 low at 97.910, as we continue to give back the 95.980-99.240 gains seen
over the last 5 years. Having lost 97.955-97.935 there are currently only
previous lows to consider now, until we reach the 50% Fibo retrace level at
97.610. Resistance falls to 97.965 back above needed to provide some respite.

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.