Free Trial

Short covering from intraday spec.......>

EURO-DOLLAR
EURO-DOLLAR: Short covering from intraday spec accounts in euro-yen has seen the
euro climb higher from $1.1709 to $1.1735. After an initial bout of risk off,
most currency pairs have since recovered. Without a further catalyst, range
trading would seem likely heading into the European open. Hourly resistance is
located at $1.1754, while support is noted at $1.1708/09 (50% fib $1.1662 to
$1.1754, intraday low). Euro-dollar was last at $1.1731

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.