Free Trial
ENERGY

EU To Detail Gas Price Controls On Friday

SONIA

Call fly unwind

EUR

Some selling emerging

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Uptrend Still Intact
*RES 4: 1.1514 High Jan 31, 2019
*RES 3: 1.1495 High Mar 09 and major resistance
*RES 2: 1.1460 High Mar 10
*RES 1: 1.1422 High Jun 10
*PRICE: 1.1393 @ 10:22 BST Jun 11
*SUP 1: 1.1325 Low Jun 10 and intraday low
*SUP 2: 1.1241 Low Jun 9
*SUP 3: 1.1195 Low Jun 4 and key near-term support
*SUP 4: 1.1167 Low Jun 3
EURUSD maintains a firm tone. The pair extended gains yesterday trading to a
high of 1.1422. This confirmed a resumption of the uptrend exposing 1.1495, Mar
9 trend high. There remains a risk that gains may prove difficult to achieve
S/T. Trend conditions are overbought and the recent uptrend has been steep. The
next support to watch is at 1.1241, Jun 9 low and 1.1195, Jun 4 low. A break of
this zone would highlight a reversal. Bullish for now!

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.