Free Trial

Narrow Range Soft French &......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Narrow Range
Soft French & German PMI readings pressed to extended react lows of 0.8961,
before basing to settle in narrow range trade. Bears continue to target a break
of the 100-dma at 0.8892 to confirm a reversal pattern is in play, opening the
Nov 28 low at 0.8810. Bulls initially need to clear the 50% retracement level at
0.9020, before focusing on the heavily congested 0.9090/00 zone for the next leg
higher. This area also holds the GBPEUR equivalent of E1.10 which is seen as a
key psychological level.

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.