Free Trial

Series of Lower Highs EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Series of Lower Highs
EURUSD extends its series of lower highs keeping focus on the downside. The
initial target for bears is the May 3 low at 1.1135, below here opens the Apr 26
ytd low & May 30 2017 low at 1.1112/10. Further support is located on approach
to 1.11, ahead of the May 18 2017 low at 1.1076. Bulls need to recover 1.12 on a
closing basis before targeting down trendline resistance off the Jan high &
55-dma at 1.1241.

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.