Free Trial

Jun6 low continues to support.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Jun6 low continues to support
Friday's session worked in favour of the USD, but the pair's found firmer
footing Monday at the June 6 low of $1.1203, but traction is lacking. EUR/USD
closed last week at $1.1209, below the 50- and 55-dmas of current 1.1218-19
which leaves rate with an underlying bearish tone into Monday. 1.1203 remains
support, the 61.8% retracement at 1.1199 close behind (1.1107-1.1348). Bulls
need to recover the 100-dma(1.1268), before returning upside focus to the 1.13
handle.

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.