Free Trial

Euro opened in Asia at $1.1885 toward...>

EURO-DOLLAR
EURO-DOLLAR: Euro opened in Asia at $1.1885 toward the lower side of yesterday's
$1.1873 to $1.1995 range, where increasing hopes over US Tax reform lifted both
the dollar and UST yields. Option expiries at $1.1810-20(E1.02bn) and
$1.1900(E1.1bn) will likely keep the near-term range contained. Local traders
expect sideways consolidation ahead of the European open and the release of
French & Italian CPI. Initial support is located at $1.1877 (50% fib
$1.1662-$1.2092 rise), a break opens $1.1826 (61.8% on the same move), while
initial resistance is located at $1.1920 (38.2% fib on yesterday's decline).
Euro is currently changing hands at $1.1892.

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.