Free Trial

Down trendline and 100-dma are....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Down trendline and 100-dma are first target
After a strong start to the week last week, EURUSD's rally faded in the latter
half of the week, but the cross still managed to close above 1.13 - and that
looks to be repeated Monday. This keeps upside momentum in focus. The downtrend
from the Jan 31 high at 1.1354 comes in just below the 50/100-dmas at 1.1362/67.
Above here would allow a run at 1.14 and the Feb 28 high at 1.1420. Bears focus
remains on the March 7 low & channel base support at 1.1177/52, a break opens
the June 20 2017 low & trendline support off Nov 2017 lows at 1.1119/00.

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.