Free Trial

Hold Above 0.88 Keeps...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Hold Above 0.88 Keeps Recovery Intact
EURGBP briefly broke below the 0.8800 level yesterday but managed to fully
recover its losses to close just shy of 0.8840, keeping the recovery intact.
Bulls need to close above 0.8850 to solidify the uptrend and bring the 0.8916
level into focus (61.8% YTD retracement). Bears now need a close back below the
200-dma to target the 0.8800 level needed to reignite downside momentum.

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.