Free Trial
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.
EUR
As flagged earlier, EUR/USD is trading at its recent lows, with the greenback on the front foot as global equity index futures benchmarks generally soften.
- The pair is looking through key support that lies at $1.0784.
- That key support level marks the base of the bull channel drawn from the Mar 15 low and represents a key pivot point.
- A clear channel breakout would strengthen bearish conditions and open $1.0733, the Jun 12 low.
- On the upside, key short-term resistance has been defined at $1.0945, the Aug 30 high. Clearance of this level would highlight a short-term reversal.
Fig. 1: EUR/USD
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok