Free Trial

Bulls Look To Recover 0.87......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Look To Recover 0.87
The bigger picture outlook for EURGBP continues to look bearish but in the
short-term, bulls are looking to clear up trendline support turned resistance
around the 0.8700 level. A break above here would bring the Jan 17 low at 0.8764
into focus ahead of the 200-dma at 0.8865. To the downside, Friday's low of
0.8617 will provide initial support and a close below here would open a run at
the 0.85 level.

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.