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Remains heavy, 1.1100 exposed:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Remains heavy, 1.1100 exposed:
*RES 4: 1.1390 High Mar 22
*RES 3: 1.1348 High Jun 7 and key resistance
*RES 2: 1.1289 High Jun 14
*RES 1: 1.1228 20-day EMA
*PRICE: 1.1200 @ 09:04 GMT June 19
*SUP 1: 1.1152 Low Jun 3
*SUP 2: 1.1116 Low May 30
*SUP 3: 1.1107 Low May 23 and key support
*SUP 4: 1.1101 2.0% Lower Bollinger Band
EURUSD has held the Draghi-inspired losses and the pair remains vulnerable
near-term. The focus is on downside support at 1.1152 with short-term technical
readings still in a bearish mode. Clearance of 1.1152 would open the May 30 low
at 1.1116 and psychological support at 1.1100. On the upside, the 1.1200 handle
remains a critical pivot point (bullish above and bearish below) short-term.
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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