Free Trial

EUR/USD fell afoul of the broader USD...>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD fell afoul of the broader USD strength on Tuesday, printing
a low of $1.1650, which was revisited in early Asia-Pacific dealing. The cross
last trades at $1.1655.
- Follow through above the 55-DMA ($1.1728) was lacking last week and resulted
in a dip back towards the $1.1589 support. Bears now need a close below this
level to initially pressure The YtD lows. Bulls now need a close above hourly
resistance from July 09 ($1.1765) to confirm traction above the aforementioned
55-DMA.
- Final Eurozone CPI headlines the EZ docket on Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@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.