Free Trial

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.

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.