Free Trial

Barclays "continue to recommend.........>

EURO-DOLLAR
EURO-DOLLAR: Barclays "continue to recommend selling EUR/USD, targeting a move
to $1.0889 (76.4% Fibonacci retracement of the 2016-18 move), with a
closing-basis stop at $1.1449 (50% Fibonacci retracement). Technical signals are
likely to catalyze FX action following the accumulation of substantial evidence
that both European economic and return upside potential is limited, while risks
to European assets are worsening sharply. We expect EUR/USD to decisively break
its four-month $1.12-1.15 range to the downside"
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.