Free Trial

Overstretched Above 1.1450 The....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Overstretched Above 1.1450
The Thursday session played into the hands of bulls, with the late-in-the-day
equity recovery helping assist a close above 1.14. On Friday, however, there
have been signs of bullish exhaustion, with progress above 1.1450 proving hard
to come by. This keeps the broader picture somewhat positive, but bulls will
need to recover the 1.1477 100-dma to concrete any bullish breakout. The
near-term outlook sticks to neutral with bears looking for a break below the Nov
28 low at 1.1267.

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.