Free Trial

Layers Of Resistance..............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Layers Of Resistance $1.2378-1.2443
*RES 4: $1.2446 High Mar 8
*RES 3: $1.2414 High Mar 14
*RES 2: $1.2384 High Mar 15
*RES 1: $1.2378 Daily Bear channel top
*PRICE: $1.2344 @ 0210GMT
*SUP 1: $1.2301 Hourly support Mar 19 
*SUP 2: $1.2241 High Feb 28 now support 
*SUP 3: $1.2217 Bollinger band base 
*SUP 4: $1.2153 Low Mar 1
*COMMENTARY: The pair is lacking follow through on dips below the 55-DMA
($1.2288), bouncing from ahead of $1.2241 Monday. Layers of resistance
$1.2378-1.2446 are now key. Bulls need a close above $1.2446 to target
$1.2555-1.2639. Initial support is noted at $1.2301 but it's the $1.2241 support
that remains key. Bears look for a close below $1.2241 to target the key
$1.2092-1.2153 support region.

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.