Free Trial

Back Under 0.86 Renewed GBP.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Back Under 0.86
Renewed GBP buoyancy took the rate back under 0.86, before basing ahead of the
21-dma (0.8578). Bears need a close below here to extend the downtrend and
return the focus to the Mar 28 low at 0.8512, ahead of the Mar 27/Mar 13 lows at
0.8483/72. Bulls need to clear the 50-dma at 0.8657 to bring the Mar 21 high &
38.2% retracement level back into view at 0.8723/29.

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.