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Free AccessRemains Supported Ahead Of........>
EURO-DOLLAR TECHS: Remains Supported Ahead Of 21-DMA
*RES 4: $1.2095 Low Dec 31 2014 now resistance 2
*RES 3: $1.1990 Daily Bull channel top
*RES 2: $1.1909 2017 High Aug 2
*RES 1: $1.1861 Hourly support Aug 3 now support
*PRICE: $1.1824 @ 0430GMT
*SUP 1: $1.1816 Hourly support Aug 14
*SUP 2: $1.1787 Hourly support Aug 11
*SUP 3: $1.1747 Low Aug 11
*SUP 4: $1.1723 21-DMA
*COMMENTARY: Bulls take comfort in support emerging on dips back towards the
21-DMA and the bullish close Friday, and look for a close above $1.1861 to
confirm focus on $1.1909-90 where 2017 highs and the bull channel top are noted.
Support layers are starting to accumulate with bears needing a close below
$1.1747 to retain pressure on the 21-DMA. Bears need a close below $1.1690 to
add weight to their case for a move that initially targets $1.1549-1.1648.
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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.