Free Trial

Based Ahead of 0.85 EURGBP......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Based Ahead of 0.85
EURGBP based ahead of the 0.85 level, with the recovery extending toward 0.8550
post UK Svcs PMI data. Choppy range trade continues with bears looking for a
close under 0.8500 to extend the broader downtrend. Below here would likely
accelerate the move toward the Mar 27/Mar 13 lows at 0.8483/72. To mount an
upside reversal bulls need to clear the 50-dma at 0.8648, before challenging the
Mar 21 high & 38.2% retracement level 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.