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MNI INTERVIEW: Emerging Markets Face "Last Mile" Test-IMF's Wu
Breaks Below Trendline The cross.....>
EURO-YEN TECHS: Breaks Below Trendline
The cross has begun to look increasingly weak having slipping below uptrend
support drawn from the Jan4 low and a close sub 124.50 will weaken the outlook
further. A weak close would suggest a run initially at the 123.79 level which
marks the Jan 24 lows ahead of the bottom of the channel at 123.54. Bulls
initially target 125.50 ahead of the Feb 2 high & down trendline resistance at
125.95/126.15. A recovery through here strengthens the uptrend bringing the 128
area back into focus.
To read the full story
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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.