Free Trial

EURUSD plummets through 1.0100

EUR

All the early action is in FX:

  • EURUSD quick tech:
  • Immediate support is still at 1.0102 1.236 projection of the Jun 9 - 15 - 27 price swing.
  • Below the latter, 1.0018 Bear channel base drawn from the Feb 10 high, and 1.0000 Parity and a key psychological support.
  • The last time it traded below parity, was in December 2002, when it printed a 0.9863 low.

Chart source: MNI/Bloomberg

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.