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Market News Topics
March 08, 2019 02:56 GMT
Bulls Look To Regain 1.12.........>
EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Look To Regain 1.12
EURUSD touched fresh ytd lows of 1.1177 in the aftermath of the ECB
announcement, dipping briefly below the 1.1187/79 area which represents the
61.8% fibo & Jun 27 2017 low. A close below here would bring the June 20 low at
1.1119 into play ahead of the 1.10 level. Bulls are looking to recover 1.12 but
upside momentum is lacking. A close back above here would help stabilise the
outlook but a break above 1.13 is needed to negate the recent bearish break.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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