Free Trial

Bears Targeting 1.15 Italian......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Targeting 1.15
Italian budget concerns keep the recent downtrend intact with bears focus
turning to a break of the 1.1500 level. Below here opens the 76.4% retracement
of the Aug low - Sep high at 1.1422, ahead of the ytd low at 1.1301 and extends
the broader bearish outlook. Bulls initially need to reclaim the 100-dma at
1.1647, before targeting the 1.1800 level. Above here opens the June 14 high at
$1.1851, ahead of the 50% retracement (Feb high - Aug low) & 200-dma at
1.1928/41.

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.