Free Trial

(U2) More Stable But Still Fragile Longer Term


(U2) Broadly Neutral


HKMA Intervenes Again

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

Pullback So Far Holds Above.......>

EURO-DOLLAR TECHS: Pullback So Far Holds Above Pivotal $1.1712 Support
*RES 4: $1.1945 4 month bull channel top projection
*RES 3: $1.1911/21 Aug 2 high, equality rise from $1.1119
*RES 2: $1.1860/70 Series congestion lows Aug 3-4
*RES 1: $1.1830 Aug 3 low, now resistance
*PRICE: $1.1792 @1535GMT 
*SUP 1: $1.1745/55 Hourly support
*SUP 2: $1.1712 Jul 25 high, 76.4% Fibo of $1.1650-$1.1911
*SUP 3: $1.1684 Jul 28 high, now support
*SUP 4: $1.1640/50 1% volatility band, Jul 27 low
*COMMENTARY* Faltered on Friday after entering into the early stages of the next
$1.1906-$1.1921 target zone. This then followed by a break of the
$1.1815-$1.1777 area, which has spoiled recent upside momentum and triggered a
correction.  So far, this has remained above the Jul 25 high and 76.4% Fibo
retrace level at $1.1712 where next clues are garnered. Resistance now from
$1.1830-$1.1870, above the latter needed to ease current pressure. 

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.