Free Trial

Stuck in The Range The............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stuck in The Range
The corrective pullback off Friday's post NFP high (1.1348) based at 1.1290,
before squeezing back through 1.13. Narrow range trade continues with bears
short-term focus on the cloud top & 100-dma at 1.1280/74. Below here opens the
Jun 7 low at 1.1251, ahead of the 50% retracement of 1.1107-1.1348 at 1.1228.
Bulls need to recover 1.1345/50 to reignite upside momentum, before challenging
the 200-dma at 1.1366 (last closed above, Apr 30 2018). Further resistance is
located from the Mar 22 high & 61.8% retracement of 2019 range at 1.1391/93.

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.