Free Trial

Bullish Break EURUSD surged.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Break
EURUSD surged through 1.12, before topping out ahead of 1.1250. Bulls will look
for a close above broken trendline resistance & the 50-dma at 1.1248/55 to
cement the uptrend. Above here would bring the May 1 high & 55-dma into play at
1.1265, ahead of the 50% retracement level of the Mar - Apr fall at 1.1280.
Bears need to clear the May 7 low at 1.1168 to put the focus back on the May 3
low at 1.1135. Below here opens a run at the Apr 26 & May 30 2017 lows at
1.1112/10.

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.