Free Trial

Testing October Lows Following....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Testing October Lows
Following more Italian headlines, EURUSD sits just above the Oct 9 lows at
1.1432 and the short-term 76.4% Fibo support at 1.1422. A break below here would
open up a move to retest the August lows at 1.1301. The broader downtrend has
resumed and bulls need to recover 1.1600 to change the short-term outlook,
before challenging the 100-dma & 1.618% swing target at 1.1622/32.

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.