Free Trial

Downtrend Hits Pause Initial price...>

EURO-YEN TECHS
EURO-YEN TECHS: Downtrend Hits Pause
Initial price action Monday saw spot touch 125.15, making no meaningful attempt
on the May lows of 124.99/124.62, despite over-riding risk aversion. A break
below here would open a move toward the Jun 2017 lows at 123.85 ahead of the
long-term 50% retracement level at 123.54. Bulls need a recovery above 126.82 to
improve the near-term outlook.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.