Free Trial

Failing To Rally With Stocks Bulls...>

EURO-YEN TECHS
EURO-YEN TECHS: Failing To Rally With Stocks
Bulls recovered the 124.00 level yesterday to keep the near term outlook neutral
but a break above 125.00 is needed to suggest the recovery has legs. Above here
would open the Jan 1 & Dec 31 highs at 126.14/44. Bears target a break of
Tuesday's low at 123.40 which would return the focus to the 38.2% retracement
level & Jan 4 low at 122.65/59. 

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.