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Free AccessTug of war between bulls and......>
EURO-DOLLAR TECHS: Tug of war between bulls and bears:
*RES 4: 1.1191 High Aug 14
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1137/52 2% Upper Bollinger Band / 1.0% 10-dma envelope
*RES 1: 1.1083/1109 Channel resistance drawn off May 26 high / High Sep 12
*PRICE: 1.1065 @ 04:13 GMT Sep 18
*SUP 1: 1.0990 Low Sep 17
*SUP 2: 1.0927/26 Low Sep 12 and Sep 3
*SUP 3: 1.0916 3.0% Lower Bollinger Band
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EUR/USD reversed Monday's sell-off leaving the outlook more neutral. A bearish
theme still dominates overall following Friday's price action, in candle terms a
shooting star that warned of a top and Tuesday's pattern, a bearish engulfing
reinforcing recent bearish developments. Prices also remain below channel
resistance drawn off the Jun 25 high. To reinstate a bullish outlook, a break of
Friday's 1.1109 high is required. Support and intraday bear trigger is 1.0990.
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Why MNI
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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.