Free Trial

Bullish Trend Renewed dollar......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Trend
Renewed dollar weakness witnessed a bullish break in EURUSD overnight, taking
out down trendline resistance to 1.1443. Bulls now target the Nov 20 high at
1.1472 ahead of a run at the Nov 7 high of 1.1500. A move back below 1.14 is
needed to shift the outlook neutral, while a downside break of 1.1310 turns the
outlook bearish, opening the potential of a deeper correction towards the Nov 28
low at 1.1267.

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.