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Free AccessTopside Hesitation Less Than......>
EURO-DOLLAR TECHS: Topside Hesitation Less Than Ideal
*RES 4: $1.2254 High Dec 25 2014
*RES 3: $1.2095 Low Dec 31 2014 now resistance 2
*RES 2: $1.1870 High Jan 12 2015
*RES 1: $1.1845 2017 High July 31
*PRICE: $1.1800 @ 0200GMT
*SUP 1: $1.1784 Low Aug 1
*SUP 2: $1.1763 Hourly resistance July 31 now support
*SUP 3: $1.1723 Low July 31
*SUP 4: $1.1704 Hourly support July 28
*COMMENTARY: Hesitation ahead of the 2017 high is a concern for bulls given
daily studies at O/B levels and looking to correct. The 200-WMA comes in around
$1.1788 with bulls looking for a weekly close above to target $1.2254. Bears
need a close below $1.1763 to ease immediate bullish pressure and below $1.1704
to shift focus back to $1.1611-48. Bulls now look a close above $1.1870 to
reconfirm a bullish bias.
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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.