Free Trial

200-dma Acting As Tough Resistance...>

EURO-YEN TECHS
EURO-YEN TECHS: 200-dma Acting As Tough Resistance 
After failing to clear the 200-dma at 131.11 last week, support at 130.00 has
come back into play, and a break below here would shift the outlook back to
neutral and target 128.00 to return focus to the August lows of 124.91. Bulls
need to recover the 131.11 level to resume the broader uptrend and target the
July 17 high of 131.99. A close above would potentially trigger a large-scale
double-bottom formation. 

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.