Free Trial

Close Below 1.12 A Bearish........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Close Below 1.12 A Bearish Signal
A hawkish Fed press conference saw EURUSD close below 1.12 yesterday and while
bulls have recovered this level in Asian trading the outlook remains negative.
Bulls need to recover the 55-dma at 1.1277, which would open a run at the 1.13
level and downtrend resistance from the Jan highs. Downside focus now turns to
the Apr 26 & May 30 2017 lows at 1.1112/10. 

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.