Free Trial

EUR Extends Outperformance on Good Volume

EUR
  • Early EUR strength initially noted in EUR/USD is persisting: EUR/GBP is at new daily highs and has cleared the Dec26 high to post the best level since Nov27. This extends the clearance of resistance at 0.8650, the 50-day EMA, and highlights a stronger short-term reversal. Sights are on 0.8716 next, a Fibonacci retracement point.
  • Despite the proximity to the holidays, volume across EUR currency futures are faring well: seeing ~96% of the average daily volume for this time of day. This is not uniform elsewhere, with AUD and GBP contracts seeing 80% and 50% of their cumulative averages as of 0820 GMT.
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.