Free Trial

Retracing Lower Failure to hold...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Retracing Lower
Failure to hold above $1.1700 has seen the short-term outlook turn neutral with
bearish trend signals appearing on the intraday charts. Bulls need a close above
1.1700 to regain control and challenge the Aug 28 high at 1.1733, ahead of the
100-dma at 1.1749. A break above here returns attention to the inverse
head-and-shoulder target at 1.19. Bears need to see a close back below 1.16 to
alleviate the pressure and focus on the 1.15 area.

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.