Free Trial

Bearish Break EURUSD broke........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bearish Break
EURUSD broke cleanly below the 1.13 level yesterday which strengthens the
bearish case and targets a move to 1.12, just ahead of current levels. Below
here would initially open the 61.8% fibo of $1.0341-1.2555 at 1.1187, ahead of a
potential return to 2017 lows. Bulls initially need to recover 1.1350 to halt
the downtrend, before focusing on the 21-dma & Nov 8 high at 1.1399/1.1445.

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.