Free Trial

Fails to Close Above 1.14 -.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fails to Close Above 1.14 - Just
EURUSD consolidates gains, but bulls will be disappointed with a failure to
close above 1.1400 to reaffirm the uptrend. Any progress above here would open
the 50% fibo of 1.1621-1.1302 at 1.1462, ahead of the Oct 22 high & 200-dma at
1.1550/90. Bears focus remains on the 1.13 level, below here would likely
accelerate the downtrend towards the long-term 61.8% retracement of
1.0341-1.2555 at 1.1187.

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.