Free Trial

Supported Below $1.1700 *RES 4:...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Supported Below $1.1700
*RES 4: $1.2012 Daily Bull channel top 
*RES 3: $1.1909 2017 High Aug 2 
*RES 2: $1.1861 Hourly support Aug 3 now resistance 
*RES 1: $1.1810 Hourly support Aug 14 now resistance
*PRICE: $1.1768 @ 2030GMT
*SUP 1: $1.1730 Hourly support Aug 16 
*SUP 2: $1.1683 Low Aug 16 
*SUP 3: $1.1648 Low July 27 
*SUP 4: $1.1611 Low July 26
*COMMENTARY: Bulls take comfort in support emerging on attempts to gain traction
below $1.1700 with a close above $1.1861 needed to return focus to
$1.1909-1.2012 where 2017 highs and the bull channel top are located. Support
layers are again building. Initial support is noted at $1.1730 but bears now
need a close below $1.1683 to confirm initial focus on $1.1571-1.1648 where the
bull channel base is found.

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.