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Policy
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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MNI Research
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Free AccessStruggling to Build Above 1.13....>
EURO-DOLLAR TECHS: Struggling to Build Above 1.13
EURUSD has so far struggled to build above 1.13 and subsequently trades 20 pips
either side of the handle. Bulls managed to take out yesterday's high at 1.1334,
but gains were few and far between ahead of broken trendline resistance at
1.1343. A break opens the 100-dma at 1.1398, ahead of a potential return to down
trendline resistance at 1.1478. Downside focus remains on the Feb 15 low at
1.1234, a break would trigger a potential bear flag, strengthening the downtrend
toward 1.1187 which represents the 61.8% retracement of 1.0341-1.2555.
To read the full story
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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.