Free Trial

EURGBP has finally broken out...>

EURO-STERLING TECHS
EURO-STERLING TECHS: EURGBP has finally broken out of the range that has
dominated price action since Oct 17. The break lower confirms the bearish price
pattern of a bear flag that marked this consolidation and, the move lower
confirms a resumption of the downtrend that began on Aug 12. Attention shifts to
the next key support at 0.8491, May 6 low and also the next major support
handle. First resistance is at 0.8630, Friday's high.

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.