Free Trial

Retests Friday's high of Gbp0.9119....>

MNI (London)
EURO-STERLING: Retests Friday's high of Gbp0.9119 and again finds resistance
here. However, sterling seen generally soft and pullback so far shallow. Offers
into Gbp0.9120, break here to expose a short term technical target at
Gbp0.9135(1.618% swing stg0.9087-09) ahead of reported resistance between
Gbp0.9140/50. Cable approaching support at $1.2880, break here opens a deeper
move toward $1.2850. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

To read the full story



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.