Free Trial

Oct Highs in Focus As with......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Oct Highs in Focus
As with GBPUSD, EURGBP has whipped around a little this morning as we head into
month end. EURGBP is back above 0.89 with yesterday's strong close turning the
focus to the Nov 19 high at 0.8932 ahead of the Oct 30 high at 0.8940. A break
above the latter would would move the bulls' targets to the Sep 24 high of
0.8998. On the downside, bears look for a close below the 200-dma at 0.8836 to
regain control.

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.