Free Trial

Rate extends the day's declines to......>

EURO-DOLLAR
EURO-DOLLAR: Rate extends the day's declines to make a decent test on the
$1.1200 handle support. Any fall through here would open the $1.1187/82 levels,
marking the 61.8% Fib retracement of the $1.0341-1.2555 move and the lower 1.0%
10-dma envelope line respectively. The EUR/USD daily RSI remains far from
oversold territory (clocking in at 37 at writing, signalling any pullback may
have further to run. There's relatively little on the calendar tomorrow in terms
of data, but ECB's Praet is due to be speaking from Frankfurt at 0800BST.

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.