Free Trial

Confirming Bullish Reversal.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Confirming Bullish Reversal
Corrective pullbacks following yesterday's bullish reversal confirm that the
bullish uptrend has been restored.The focus now shifting to the upside and
yesterday's highs at 0.8925. A break above here would likely trigger a run at
the June 20 highs of 0.8958 and beyond. On the downside, bears need to break
back below the bottom of the ascending channel, which comes in at 0.8880, to
shift the short-term outlook back to neutral, and a close below 0.8855 to turn
the outlook bearish.

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.