Free Trial

Recovers 0.8800 The release.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovers 0.8800
The release of soft UK CPI further cemented EURGBP's move above 0.8800 with
bulls targeting the 200-dma & Oct 14 high at 0.8836. This level also coincides
with neckline support and is seen a key area of resistance. Above here opens the
50% retracement level & 100-dma at 0.8860/78. Bears need a close below 0.8750,
before challenging the Oct 10 low at 0.8723.

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.