Free Trial

Stuck In Neutral The 200-dma at......>

EURO-YEN TECHS
EURO-YEN TECHS: Stuck In Neutral
The 200-dma at 130.14 capped gains last week shifting the outlook neutral, with
bears looking for a drop back below 128.00 to gain the advantage. Below here
would target the Oct 26 lows at 126.64. A successful close above 130.14 would
confirm the broader bullish trend, targeting the Oct 10 high & 61.8% retracement
of 133.13-126.64 at 130.50/65.

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.