Free Trial

Still Finding Support From........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Still Finding Support From Above Key Near Term Level
*RES 4: $1.1881/90 June 2010 low, 2% volatility band
*RES 3: $1.1855 1.618 swing $1.1777-$1.1650
*RES 2: $1.1805 4 month bull channel top projection
*RES 1: $1.1777 Jul 27 high
*PRICE: $1.1726 @0835GMT 
*SUP 1: $1.1675/95 Hourly support
*SUP 2: $1.1650 Jul 27 low
*SUP 3: $1.1613 Jul 26 low
*SUP 4: $1.1583 Jul 18 high, now support 
*COMMENTARY* Fresh upside interest produced a rally late last week which has
taken us slightly above $1.1773, the swing target of the recent $1.1712-$1.1613
fall but yet to test the 4 month bull channel top projection at $1.1805. As a
result support now comes firstly from $1.1695-$1.1675 and then Thursday's
$1.1650 low. Loss here would caution and suggest the power of the rise is
beginning to wane. Directly above $1.1805 and $1.1855 next.

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.