Free Trial

Bulls Need Close Above 100-dma....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above 100-dma
EURUSD squeezed through 1.13 on Wednesday after soft ADP data, before quickly
fading the move. Bulls need a close above the 100-dma at 1.1274 to re-ignite
upside momentum and put the focus back on the 1.13 handle. Channel top
resistance is placed behind, ahead of the 50-mma at 1.1322. Bears need to clear
the 55-dma & 1.12 level, before returning the focus to the May 30 low at 1.1116.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.