Free Trial

EUR/USD Strength Puts Prices Within Range of Key Resistance

EUR
  • EURUSD recovery continues at typing, putting the pair at a new daily high and north of Monday's liquidity-thinned best levels.
  • Futures volumes point to increased participation today, with the active future seeing activity around 20% ahead of average. EUR crosses trade more muted, signalling the extent to which the USD is driving price action so far Tuesday.
  • Strength through 1.0924 opens key resistance ahead at 1.1033 - the Feb 2 high. Relatively little in the way of option interest ahead of today's NY cut, which should keep focus on more sizeable expiries at $1.08, $1.09 and $1.10 on Thursday.

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.