Free Trial

May Highs Proving Hard to.........>

EURO-DOLLAR TECHS: May Highs Proving Hard to Overcome
EURUSD failed to break the May highs at 1.1265 yesterday, giving more importance
to this key level. The subsequent retracement based ahead of 1.1200 with bears
needing a close below here to put the focus back on the May 7 low at 1.1167,
ahead of the May 3 low at 1.1135. Bulls need a topside break of 1.1265 to
improve the outlook, targeting a run at the 100-dma & Apr 17 high at 1.1317/24.

To read the full story



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.