Free Trial

Back from multi-month trough The.....>

EURO-YEN TECHS
EURO-YEN TECHS: Back from multi-month trough
The risk-averse theme pressured through 122.10 early Wednesday, before President
Trump's auto imports tweet pared losses. Downside support remains at 122.08/07
from Wednesday's low & 61.8% retracement of the 2018 range. Channel base support
is located behind at 122.04, ahead of the 50% retracement of the 2012 low - 2014
high at 121.95. Bulls need to recover the 123.00 level to stabilise the outlook,
while a break of 123.60/70 would reignite upside momentum.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.