Free Trial

Holding Heavy EURUSD..............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Holding Heavy
EURUSD comfortably holds below 1.14 to keep the recent bearish trend intact.
Friday's low of 1.1336 remains the immediate downside focus, just above the
August lows of 1.1301. A break below here opens the long-term 61.8% fibo from
the Jan 2017 low - Feb 2018 high at 1.1187, ahead of the psychological 1.10
level. On the topside bulls need to recover 1.1400/20 to change the short-term
outlook, before targeting the 100-dma & Oct 16 high at 1.1598/1621.

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.