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Free AccessFurther Declines Likely The..........>
EURO-YEN TECHS: Further Declines Likely
The failure to sustain 129.00 and the 50-dma keeps the focus on the downside
with las week's lower high suggesting further losses with the 21-dma at 128.09
the next downside target. A close above the 100-dma at 129.46 and break back
through 130.00 would see bulls reclaim the upper hand, focusing on the key
200-dma at 131.27, ahead of the July 17 high at 131.99.
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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.