Free Trial

Bulls Need Close Above $1.1765....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above $1.1765
* Bulls take comfort as the pair trades above the 55-DMA with immediate pressure
on the $1.1765 resistance. 
* Bulls need a close above $1.1765 to confirm traction above the 55-DMA and ease
bearish pressure. 
* Above the 55-WMA ($1.1934) remains needed to shift initial focus to
$1.1959-1.2053 where 100 ($1.1959) & 200 ($1.1980) DMAs are found. 
* Bears now need a close below $1.1678 to gain breathing room and below $1.1625
to return focus to 2018 lows.

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.