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Free AccessRemains Capped Ahead of 2017......>
EURO-DOLLAR TECHS: Remains Capped Ahead of 2017 High
*RES 4: $1.2569 Monthly High Dec 16 2014
*RES 3: $1.2360 Low Dec 10 2014 now resistance
*RES 2: $1.2254 High Dec 25 2014
*RES 1: $1.2092 2017 High Sept 8
*PRICE: $1.2018 @ 1930GMT
*SUP 1: $1.1981 Hourly support Dec 29
*SUP 2: $1.1961 High Nov 27 now support
*SUP 3: $1.1910 High Dec 27 now support
*SUP 4: $1.1879 Hourly support Dec
*COMMENTARY: Continued hesitation ahead of 2017 highs is less than ideal given
daily studies correcting from O/B and the Bollinger top ($1.2105). Bulls
continue to look for a close above the current 2017 high to initially target
$1.2254. Layers of support have accumulated but $1.1961 remains key. Bears need
a close below $1.1961 to confirm a correction and shift initial focus to key
DMAs $1.1803-1.1896.
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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.