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Free AccessLimited Rebound Within............>
EURO-DOLLAR TECHS: Limited Rebound Within Consolidation Range
Failure for this morning's rebound to overcome the 1.1706 level will keep the
focus on the lower end of the contracting range. But, bears need a close below
Friday's low of 1.1620 and 1.1600 thereafter to break uptrend support from the
June 21 lows and suggest the broader downtrend is continuing. A break above
1.1706 and then the Thursday high of 1.1744 are needed to break the range to the
upside.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.