Free Trial

Fails to Hold Above 1.1600........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fails to Hold Above 1.1600
EURUSD's failure to hold above the 1.16 level amid a backdrop of broad USD
demand has seen renewed weakness in the pair. Bears focus on the 1.15 area to
shift momentum back toward the YTD Aug 15 low of 1.1301. Bulls need to close
above 1.16 in order to regain the upper hand and break back into the higher end
of last month's trading range, where resistance comes in at 1.1702.

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.