Free Trial

Jun 7 Low Next Up Tuesday's false....>

EURO-YEN TECHS
EURO-YEN TECHS: Jun 7 Low Next Up
Tuesday's false break of 123.00 saw the corrective pullback extend to 122.18.
Recovery efforts have so far remained shallow and keeps pressure on the
downside. Bears need to clear the Jun 7 low at 122.10 to change the outlook,
while any move back under the triangle top returns the focus to the 50%
retracement level & triangle base at 121.45/08. Bulls need a close above 123.00
& the Jun 11 high to reignite the uptrend, opening a run at the 1.0% 10-dma
envelope & May 22 high at 123.34/51.

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.