Free Trial

Holds heavy: *RES 4: 1.1308/44....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Holds heavy:
*RES 4: 1.1308/44 200-dma / Low Jun 25
*RES 3: 1.1286/88 High Jul 11 and Jul 5
*RES 2: 1.1242/46 100-dma / cloud top
*RES 1: 1.1193 Low Jul 9
*PRICE: 1.1118 @ 08:27 GMT July 29
*SUP 1: 1.1102 Low Jul 25
*SUP 2: 1.1076 Low May 18 2017
*SUP 3: 1.1000 Psychological round number
*SUP 4: 1.0864 76.4% retracement of the Jan 2017-Feb 2018 rally
EURUSD is likely to extend it decline with the focus on the YTD low of 1.1102.
Fresh trend lows printed last week and the recent break of former key supports
at 1.1193 and 1.1181 keeps the longer-term bearish trend intact. Momentum
studies remain bearish too. A break of support at 1.1102 would open 1.1076 , the
May 18, 2017 low. On the upside, 1.1193 provides initial resistance ahead of the
1.1242/46 level.

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.