Free Trial

Pullback Proves Short Lived.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Pullback Proves Short Lived
EURGBP is back on the front foot after bouncing from pullback lows of 0.8775 at
the open yesterday to return the focus to Friday's high & the 50% retracement of
0.9415-0.8305 at 0.8850/60. Above here would extend the uptrend towards the Jan
16 high at 0.8889, ahead of a run at the 0.89 level. Bears need a close back
under the 200-dma at 0.8790 to stabilise the outlook, before focusing on a
return to 0.8700 & the 100-dma which crosses at 0.8678.

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.