Free Trial

Opens Small Gap With 1.1239.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Opens Small Gap With 1.1239 Resistance
*RES 4: 1.1286 High Jul 11
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1239 High Dec 31 and key resistance
*RES 1: 1.1212 High Mar 3
*PRICE: 1.1131 @ 16:47 GMT Mar 4
*SUP 1: 1.1095 Low Mar 3
*SUP 2: 1.1003 Low Mar 2 and key near-term support
*SUP 3: 1.0965 50-day EMA
*SUP 4: 1.0951 Low Feb 28
EURUSD remains bullish and registered another fresh recovery high at 1.1212
Tuesday to keep the needle pointed higher. A bullish impulsive trend remains in
place following the recent breach of the 1.1100-73 levels this week. The Dec 31
high at 1.1239 is now within reach. A break of 1.1239 would pave the way for a
climb towards 1.1250 and 1.1286, the Aug 6 and Jul 11 highs respectively. On the
downside, firm support lies at 1.1003.

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.