Free Trial

Watch 1.1193 support: *RES 4:.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Watch 1.1193 support:
*RES 4: 1.1371 High Jul 1
*RES 3: 1.1315/44 200-dma / Low Jun 25
*RES 2: 1.1302 50% retracement of the Jun 25-Jul 9 sell-off
*RES 1: 1.1286/88 High Jul 11 and Jul 5 / Bull trigger
*PRICE: 1.1216 @ 04:47 GMT July 22
*SUP 1: 1.1200 Low Jul 17
*SUP 2: 1.1193 Low Jul 9 and key support
*SUP 3: 1.1181 Jun 18 low
*SUP 4: 1.1158 2% lower Bollinger band
EURUSD met stiff resistance Friday ahead of the 1.1288 bull trigger. The failure
to hold above the 100-dma remains a concern for bulls, placing immediate focus
on the key support at 1.1193. The engulfing candle pattern of Jul 10 remains
valid however as a bullish signal. Gains back above the 100-dma and more
importantly above resistance at 1.1286/88 is required to trigger a fresh wave of
bullish interest. Below 1.1193 opens 1.1181 and 1.1158 instead.

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.