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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.
EURUSD TECHS
- RES 4: 1.0198 High Sep 12 and a key resistance
- RES 3: 1.0051 High Sep 20
- RES 2: 1.0004 50-day EMA
- RES 1: 0.9998 Bear channel top drawn from the Feb 10 high
- PRICE: 0.9962 @ 05:46 BST Oct 5
- SUP 1: 0.9806/9735 Low Oct 4 / Low Sep 30
- SUP 2: 0.9636/9536 Low Sep 29 / 28 and key support
- SUP 3: 0.9501 1.382 projection of the Aug 10 - Sep 6 - 12 price swing
- SUP 4: 0.9469 Bear channel base drawn from the Feb 10 high
EURUSD traded higher again Tuesday as the short-term correction extends. The pair has arrived at a key short-term resistance - 0.9998 marks the top of a bear channel drawn from the Feb 10 high. Note too that the 50-day EMA intersects just above, at 1.0004. A break of these resistance points would strengthen bullish conditions and highlight a more significant reversal. Initial support to watch is 0.9806, yesterday’s low.
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.
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