Free Trial

Focus Returns To $1.1506-89 *.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus Returns To $1.1506-89
* The lack of follow through on the break of the 55-DMA was less than ideal for
bulls and now sees pressure on the 21-DMA as the euro remains offered. 
* Bears now shift focus back to the $1.1506-89 support region with below the
21-DMA to add weight to their case. 
* Bulls now need a close above $1.1790 to confirm traction above the 55-DMA and
above the 55-WMA ($1.1922) to shift initial focus to $1.1984-1.2053 where 100
($1.2001) & 200 ($1.1984) DMAs are found.

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.