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Market News Topics
May 06, 2019 03:37 GMT
Support Found Ahead of YTD......>
EURO-STERLING TECHS
EURO-STERLING TECHS: Support Found Ahead of YTD Lows
EURGBP briefly dipped under 0.85 in early Asian trading before finding some
support ahead of ytd lows to allow bulls to recover this level. The broader
downtrend remains intact though and a close below 0.85 would open the YTD lows
printed in mid-March at 0.8473. Any fall through here would see key Fib support
tested at the 0.8469 level, marking the 38.2% retracement of the 0.6938 - 0.9415
range. To the upside, bulls need to recover the 55-dma at 0.8602 before
returning the focus to the Apr 23 high and 0.8700 level.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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