Free Trial

Multi-month Highs EURGBP........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Multi-month Highs
EURGBP cleared 0.8900 with the cross extending to multi-month highs of 0.8906,
the move underpinned by soft UK data. Topside focus turns to the 2% upper
Bollinger band & 1.0% 10-dma envelope at 0.8932/45, above here opens a run at
the 76.4% retracement of the Jan-Mar fall at 0.8958. Bears need to clear 0.8850,
before returning the focus to broken pivotal resistance-turned-support at
0.8825. Below here opens the 0.8800 level, ahead of the 200-dma at 0.8783.

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.