Free Trial

Nov Lows Remain The Target........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Nov Lows Remain The Target
EURUSD hit as low at 1.1250 yesterday before stabilising keeping the focus
squarely on the Nov low at 1.1216. A break triggers a potential bear flag,
strengthening the downtrend toward 1.1187 which represents the 61.8% retracement
of 1.0341-1.2555. Bulls need to clear the 100-dma at 1.1406 to improve the
short-term outlook. A break of 1.15 would open down trendline resistance & the
Jan 31 high at 1.1501/14.

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.