Free Trial

Back Through 0.87 Recovery......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Back Through 0.87
Recovery efforts have seen EURGBP trade back up through the 0.87 level as bulls
look to regain some upside momentum. Prior range lows around 0.8750 are the
initial upside target ahead of 0.88. Above here would allow bulls to challenge
the 100 & 200-dma's at 0.8852/63. The bigger picture outlook remains negative
though with bears targeting the Jan 25 ytd low at 0.8618. A break below here
would suggest a major topping pattern has been triggered.

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.