Free Trial

Deep Correction Challenging..........>

EURO-YEN TECHS
EURO-YEN TECHS: Deep Correction Challenging Recovery
The correction lower Wednesday has extended beyond the 50% retracement level of
the recent rally, now challenging the recovery. The next key support is placed
at 129.71 and holding above here is essential to provide EURJPY will a platform
to re-establish bullish momentum. Failure would threaten the major up trendline
support and potentially return the focus to the 129.13 lows. A rebound back
above 130.67 is need to restore the recent bullish structure.

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.