Free Trial

0.90 Level Fails to Hold........>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.90 Level Fails to Hold
Renewed GBP strength pressured the cross back under 0.90, a level that held in
previous sessions. A close below would see bears take control targeting the 50%
retracement at 0.8949, ahead of the 100-dma at 0.8899. A break here would
confirm a reversal pattern, opening the 200-dma & Nov 28 low at 0.8851/10. Bulls
need to recover 0.90 before eyeing the heavily congested 0.9090/00 zone to
extend the uptrend.

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.