Free Trial

Light IBK2 Selling


Moving Away From Post-FOMC Highs


(M2) Trend Condition Remains Bearish

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO-DOLLAR TECHS: Key Intraday Support Defined At 1.0767
*RES 4: 1.1018 High May 1 and key resistance
*RES 3: 1.0986 High May 4
*RES 2: 1.0915/ 26 50-day EMA / High May 5
*RES 1: 1.0876 High May 8
*PRICE: 1.0814 @ 16:35 BST May 11
*SUP 1: 1.0767 Low May 7 and key intraday support
*SUP 2: 1.0727 Low Apr 24 and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0600 round number support
EURUSD found support at 1.0767 last week. Despite the recovery, the near-term
outlook is bearish following last week's sell-off. To offset the bearish mood,
the pair needs to clear initial resistance at 1.0815, Friday's high and expose
1.0926, May 5 high. A breach of this latter level would refocus attention on key
resistance at 1.1018, May 1 high. Key support to watch is 1.0767, a break would
resume bearish pressure and open 1.0727, the Apr 24 low.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.