Free Trial

Bulls Need To Hold 1.14...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need To Hold 1.14
Improved risk appetite lifted EURUSD to 1.1438, but has so far failed to build
on gains. A close above 1.14 keeps hopes of a broader recovery alive with bulls
focus turning to the Nov 2 high & 50% retracement of 1.1621-1.1302 at 1.1456/62.
A break opens the Oct 22 high & 100-dma at 1.1550/85. Bears need to break back
below yesterday's low at 1.1354 to return the focus to the Oct 31 and Aug 15
lows just ahead of 1.13.

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.