Free Trial

Comfortably Above 1.13............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Comfortably Above 1.13
Broad-based dollar sales underpinned with a move back through broken triangle
base support-turned-resistance to the 1.1350/55 area. Bulls need to clear down
trendline resistance & the 50% retracement level at 1.1412/15 to change the
short-term outlook. Above here opens the key 1.1450 resistance zone, ahead of
the 100-dma & Nov 7 high 1.1493/00. Bears look to close below 1.13 to open the
next layer of support at 1.1267 from the Nov 28 low.

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.