Free Trial
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.
EUR
- The intraday spike in EURUSD reversed into the Tuesday close in line with the broad greenback strength, showing rallies remain prone to technical pullbacks on any move higher.
- Price has been testing below support at 1.0678, the 50-day exponential moving average, narrowing the gap with Monday’s low print of 1.0656.
- The 50-day EMA represents a key short-term level of which a daily close below would strengthen the bearish cycle and initially expose 1.0634, the Jan 9 low.
- Below here, attention would turn to 1.0484, the Jan 6 low and a key support.
- There are no tier-1 data Eurozone data releases for the rest of the week, however, a slew of ECB speakers are on the docket, including Panetta, Nagel, Lane and Makhlouf on Thursday.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok