Free Trial

Still Likely To Appreciate *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Still Likely To Appreciate
*RES 4: 1.1670 2.0% 10-dma envelope
*RES 3: 1.1657 1.764 projection of Mar 23 - 30 climb from Apr 24 low
*RES 2: 1.1621 High Oct 16, 2018
*RES 1: 1.1627 High Jul 24
*PRICE: 1.1605 @ 10:20 BST Jul 24
*SUP 1: 1.1507 Low Jul 22
*SUP 2: 1.1423 Low Jul 21
*SUP 3: 1.1371 Low Jul 16 and key near-term support
*SUP 4: 1.1386 20-Day EMA
EURUSD is holding onto this week's gains and remains bullish. A positive theme
follows Tuesday's break of resistance at 1.1452, Jul 15 high. More importantly
the pair also cleared resistance at 1.1495, Mar 9 high registering fresh 2020
highs. This also confirmed a strong resumption of the broader uptrend that has
been in place since the reversal on Mar 20. The focus is on 1.1621 next, the
October 16, 2018 high. Initial support is at 1.1507.

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.