Free Trial

Sticks Above 1.1300 EURUSD........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Sticks Above 1.1300
EURUSD spiked through 1.1325 on extended react to the very weak US jobs data on
Friday, allowing the rate to close above 1.1300 for the first time since Apr 15.
Bulls now look to retake Friday's high, which would allow them to focus on the
200-wma at 1.1348. Further resistance is located behind at 1.1367 from the
200-dma (last closed above, Apr 30 2018), ahead of the Mar 22 high & 61.8%
retracement of 2019 range at 1.1391/93. Bears need a break back under the
100-dma, before challenging hourly support at 1.1240/45.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.