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Multi-year low prints again:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Multi-year low prints again:
*RES 4: 1.1075 High Sep 17
*RES 3: 1.1045 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0925 @ 08:26 GMT Sep 27
*SUP 1: 1.0905 Intraday/multi-year low
*SUP 2: 1.0894 3.0% Lower Bollinger Band
*SUP 3: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 4: 1.0821/39 April/May 2017 Low
EURUSD succumbed to further selling pressure Thursday, prompting a fresh
multi-year low print at 1.0909 and even 1.0905 overnight in Asian trading. This
puts the recent channel top well out of range for now with the focus on the 3.0%
Lower Bollinger Band at 1.0894 and Fibonacci retracement at 1.0862. An extension
lower would see the pair trading at levels not seen since mid 2017. The channel
base drawn off the May 26 high is at 1.0806. Resistance is at 1.0967.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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