Free Trial

Bulls Targeting 1.15..............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Targeting 1.15
Broad-based USD sales through Europe extended the rally to 1.15, before
option-related supply capped topside gains. Bulls are closing in on a break
above, targeting the Oct 22 high & 50% retracement level at 1.1550/59, the
100-dma sits just behind at 1.1584. Bears need to break back below the 21-dma,
returning focus to the Nov 5 low at 1.1354, just ahead of the Oct 31 and Aug 15
lows at 1.1309/02.

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.