Free Trial
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.
EURUSD TECHS
- RES 4: 1.0852 High Apr 22
- RES 3: 1.0787 High May 30 and a reversal trigger
- RES 2: 1.0627/0774 Bear channel top from Feb 10 high / High Jun 9
- RES 1: 1.0615 High Jun 27
- PRICE: 1.0576 @ 06:11 BST Jun 28
- SUP 1: 1.0445/0359 Low Jun 17 and 15
- SUP 2: 1.0350 Low May 13 and bear trigger
- SUP 3: 1.0341 Low Jan 3 2017 and a key support
- SUP 4: 1.0233 1.382 proj of Feb 10 - Mar 7 - 31 Price swing
EURUSD traded higher Monday and remains closer to its recent highs. Attention is on key resistance at 1.0627 - the top of a bear channel drawn from the Feb 10 high. The primary trend direction remains down and the outlook is bearish. Moving average studies point south and a break lower would open 1.0350, May 13 low and the bear trigger. A clear break of 1.0627 however would alter the picture.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok