Free Trial

EURUSD recovered off pullback lows of...>

EURO-DOLLAR
EURO-DOLLAR: EURUSD recovered off pullback lows of $1.1271 yesterday, squeezed
to $1.1362 before fading into the NY close. Traders reported of a quiet Asia
session, volumes were seen light held to a narrow $1.1322-48 range. Initial
resistance is seen at $1.1362 from the Nov 15 high, a break here opens a move
toward the $1.14 level ($1.1392 - 61.8% $1.1500-1.1216). Option-related demand
is placed at $1.1300, there is a large E1.42 expiry rolling off for today's NY
cut. Below here opens the Nov 15 & Nov 14 lows at $1.1271/63. Main focus today
on EU final October CPI at 1000GMT. Elsewhere ECB Draghi (0900GMT), Bundesbank
Weidmann (1300GMT) & Fed Evans (1630GMT) are all due to speak. EURUSD last
$1.1339. 

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.