Free Trial

Fifth Session of Lower Lows.....>

EURO-STERLING TECHS: Fifth Session of Lower Lows
Rate extended its decline below the 200-dma Tuesday, touching the lowest levels
since June and cementing the daily momentum indicators clean-sweep of bearish
signals. This keeps focus on the measured move target at 0.8620, corresponding
to the April year-to-date low. To change the picture, bulls need to recover the
200-dma to arrest the decline, now at 0.8839 and return the outlook to neutral.

To read the full story



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.