Free Trial

The consolidation pattern above...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: The consolidation pattern above last month's $1.1508 low
continues to grow, with the hold of $1.1590 support on Monday. The subsequent
failure to deal with $1.1693 resistance suggests another move down within the
recent range. Look to $1.1610-$1.1591 again for support, with any overshoot
likely to test $1.1566. All this is playing out below the key near term level,
the 76.4% Fibo retrace at $1.1771. All rallies carry no threat while capped
here.

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.