Free Trial

0.8750 Recovered Euro...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.8750 Recovered
Euro strength saw the pair head back above 0.8750 yesterday, breaking above
short-term down trendline resistance from the Oct 3 high. However, the broader
bearish trend remains intact and a break back above the 200-dma at 0.8837 would
be needed to change this. A break below 0.8723 would mark a reignition of the
the bearish trend, initially targeting the May 30 lows at 0.8699.

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.