Free Trial

Bulls Targeting Recent Highs....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Targeting Recent Highs
Bulls continue to look for follow through above 0.8880 to challenge the recent
cycle high at 0.8902. Consolidation above would bring the Dec 31 low into view
at 0.8927, ahead of the 76.4% fibo of the Jan-Mar fall at 0.8958. Bears focus
remains on broken pivotal resistance-turned-support at 0.8825. Below here opens
a return to the 0.8800 level, ahead of the 200-dma at 0.8783.

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.