Free Trial

Bears in Control EURGBP has.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears in Control
EURGBP has struggled to overcome the 0.86 level and keeps the bearish trend
intact. The 0.8500 support level comes back into play, ahead of the Mar 13 ytd
low of 0.8472. Below here would lend more weight to the large topping pattern,
opening the April 2017 lows. Bulls need to clear 0.8600 to stabilise the outlook
and bring the Mar 21 high at 0.8723 back into view, before challenging the 100 &
200-dmas.

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.