Free Trial

Blasts through resistance:......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Blasts through resistance:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307 Aug 29 2017 High
*RES 2: 0.9226 High week ending Sep 8, 2017
*RES 1: 0.9176 2.0% 10-dma envelope
*PRICE: 0.9165 @ 04:31 GMT Jul 30
*SUP 1: 0.9051 High Jul 17 and yesterday's bull trigger
*SUP 2: 0.8977 Low Jul 29
*SUP 3: 0.8946 Low Jul 26
*SUP 4: 0.8892 Low Jul 25 and key support
EURGBP continues to shoot higher extending yesterday's strong impulsive
resumption of the uptrend. The bullish resumption was confirmed yesterday
following the breach of 0.9051 and places the cross on the firmest possible
footing. The focus is now the 2.0% 10-dma envelope of 0.9176 and 0.9226, the
high of the week ending Sep 8, 2017. On the downside, support lies at the former
recent breakout level of 0.9051, the high of Jul 17.

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.