Free Trial

Bulls Target 1.14 Despite a.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Target 1.14
Despite a brief break below trendline support yesterday, the level remains
intact on a closing basis and bulls now look for a break of 1.14 to suggest a
higher low has been established. Above here would target a break of the 100-dma
and 1.15 level with the aim of shifting the focus back on the Jan 10 high at
1.1570. Bears need a downside close below 1.1350 to trigger a potential bear
flag, opening a run at the ytd low at 1.1309 & Nov lows at 1.1216. 

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.