Free Trial

100-dma Key at The Close........>

EURO-STERLING TECHS
EURO-STERLING TECHS: 100-dma Key at The Close
EURGBP remains locked in its short-term trend channel targeting a break of the
100-dma at 0.8699. A close above would cement the uptrend and put the focus back
on the Mar 21 high at 0.8723. Further resistance is located from the Feb 1 high
& 200-dma at 0.8793/98. Bears need a break back under the May 13 low & 21-dma,
before challenging the 0.85 level & ytd lows at 0.8472.

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.