Free Trial

Consolidating Within Downtrend....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Consolidating Within Downtrend
EURUSD failed to consolidate yesterday's gains which keeps the bearish trend
intact. The Nov 28 low at 1.1267 remains the key downside target, a break brings
the Nov 13 ytd low back into play. Bulls need a close above down trendline
resistance at 1.1399 to install a more positive outlook, targeting a break of
the Nov 22 high & 50-dma at 1.1434.

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.