Free Trial

Downtrend Intact Below 1.15.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Downtrend Intact Below 1.15
EURUSD has so far failed to reclaim 1.1500 to keep the recent downtrend intact.
Bears target 1.1422 which represents the 76.4% retracement of the Aug low - Sep
high, below here opens the Aug 15 ytd low at 1.1301. Bulls initially need to
reclaim 1.1600 to change the short-term outlook. Above here targets the 100-dma
at 1.1640, ahead of the Sep 24 high at 1.1815.

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.