Free Trial

100-DMA Key at The Close EURUSD...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 100-DMA Key at The Close
EURUSD cleared 1.14 yesterday but was unable to close above its 100-dma and
gives more importance to this level. A break improves the short-term outlook,
opening down trendline resistance & Jan 15 high at 1.1461/90. Downside focus
remains on the Feb 15 low at 1.1234, a break would trigger a potential bear
flag, strengthening the downtrend toward 1.1187 which represents the 61.8%
retracement of 1.0341-1.2555.

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.