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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.
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Free AccessHesitating Ahead Of 2017 High.....>
EURO-DOLLAR TECHS: Hesitating Ahead Of 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: $1.2049 @ 0530GMT
*SUP 1: $1.2026 High Dec 29 now support
*SUP 2: $1.1981 Hourly support Dec 29
*SUP 3: $1.1961 High Nov 27 now support
*SUP 4: $1.1910 High Dec 27 now support
*COMMENTARY: Gains continue to start the new year although hesitation ahead of
2017 highs is less than ideal given daily studies looking to correct from O/B
and the Bollinger band top ($1.2053). Bulls continue to look for a close above
the current 2017 high to initially target $1.2254. Layers of support are
accumulating but $1.1961 remains key. Bears need a close below $1.1961 to ease
bullish pressure and below the 100-DMA to confirm pressure back on $1.1690.
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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.