Free Trial

Consolidating Gains Consolidation....>

EURO-YEN TECHS
EURO-YEN TECHS: Consolidating Gains
Consolidation above 127.00 improves the short-term outlook and strengthens the
case for a further recovery. Bulls need to clear the 50% retracement level at
127.19 to target a move toward the 128.50-129.00 range. On the downside, failure
to hold 126.50 returns the focus to 125.58, below here would give bears the ST
advantage and put focus squarely at the 125.29 Aug 16 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.