Free Trial

Channel Base EURUSD touched.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Channel Base
EURUSD touched fresh ytd lows of 1.1177 in the aftermath of the ECB
announcement, before recovering back above 1.12. Channel base support comes in
today at 1.1173, a break brings the June 20 2017 low/trendline off Nov 2017 lows
at 1.1119/16 into play. Bulls need a weekly close above 1.12 to stabilise the
outlook, before challenging 1.13 which holds the 50% retracement of
1.1420-1.1177.

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.