Free Trial

EZ Mfg PMI's Boost The Euro.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: EZ Mfg PMI's Boost The Euro
Strong mfg PMI readings across Europe (except Germany) improved sentiment,
EURUSD recovered 1.12 with gains extending toward 1.1220. Bulls initial focus
turns to the 21-dma & broken trendline at $1.1232/50, with a break here needed
to challenge the 55-dma & 1.13 level. Bears need a close below 1.12 to return
downside focus to the Apr 26 & May 30 2017 lows at 1.1112/10.

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.