Free Trial

100-dma Next Up Having closed.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 100-dma Next Up
Having closed above 1.1700 yesterday, EURUSD retains the bullish picture with
immediate focus on the 100-dma at 1.1749, which also coincides with the July 31
high. A break above here returns attention to the inverse head-and-shoulder
target at 1.19. Bears need to see a close back below 1.16 to alleviate the
pressure and focus on the 1.15 area.

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.