Free Trial

Building Momentum EURUSD..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Building Momentum
EURUSD extended the recovery above 1.1280 amid the broader risk-on theme. A
topside break of 1.13 which holds the 50% retracement level of 1.1420-1.1177
improves the short-term outlook, with bulls targeting the 200-wma & Mar 6 high
at 1.1321/25. Bears downside focus remains on the March 7 low & channel base
support at 1.1177/64, a break opens the June 20 2017 low & trendline support off
Nov 2017 lows at 1.1119/10.

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.