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Real-time insight on key fixed income and fx markets.
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Real-time insight of oil & gas markets
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Free Access'Shooting Star' Candle Close A....>
EURO-DOLLAR TECHS: 'Shooting Star' Candle Close A Near Term Concern Here
*RES 4: $1.1881 76.4% Fibo of $1.1996-$1.1510
*RES 3: $1.1832/40 Equality rise from $1.1617, Jun 7 high
*RES 2: $1.1810 Intraday high
*RES 1: $1.1792/93 Hourly basing area Jun 7
*PRICE: $1.1763 @1523GMT
*SUP 1: $1.1725 May 31 high, now support
*SUP 2: $1.1695 Hourly congestion Jun 4-Jun 5
*SUP 3: $1.1653 Jun 5 low
*SUP 4: $1.1617 Jun 1 low
*COMMENTARY* The recovery extended Thursday, above 1.1810 resistance and then
slightly through the equality rise target at $1.1832. The 'Shooting Star' daily
candle close also a concern here. Has today lost initial support from between
$1.1795-$1.1760. Below here will spoil recent upward momentum and call for a
deeper $1.1725-$1.1695 setback. Resistance $1.1792-$1.1810 with back above
$1.1832 seeing two Fibo retraces between $1.1881-$1.1910 as next attraction.
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MNI is the leading provider
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