Free Trial

Bias Still Tilting Higher The...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bias Still Tilting Higher
The cross managed to edge above the tight range posted throughout European hours
by topping 0.8920 as well as 0.8933, keeping the near-term momentum in favour of
bulls. with a break either side needed for clearer direction. Above here exposes
the 3% upper Bollinger band & 76.4% retracement of the Jan-Mar fall at
0.8988/53. Bears look to clear initial support in the 0.8870/75 area, followed
by the breakout point at 0.8850. Below opens broken pivotal
resistance-turned-support at 0.8825, ahead of the 200-dma at 0.8781.

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.