Free Trial

Fails To Build Above 1.16.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fails To Build Above 1.16
Having moved through the 50-dma to 1.1644, risk appetite faded with a reversal
back under 1.1600. This keeps the downtrend in place for now as bears focus on
the 1.15 level ahead of a potential return to the ytd low at 1.1301. A close
above 1.1600 and bulls can look to shift the short-term focus higher, targeting
trendline resistance and the 100-dma at 1.1698/92. A break opens the Aug 28 high
at 1.1733.

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.