Free Trial

The EUR under renewed selling pressure.....>

EURO-YEN
EURO-YEN: The EUR under renewed selling pressure dips back under the Y121.00
level and brings major support from the Jul 18/Jun 3 lows into view at Y120.78.
A subsequent close below today would register the sixth straight session of
losses and further cement the outright bearish trend, opening a deeper
correction to the 3% lower Bollinger band at Y120.42, ahead of the 61.8%
retracement level of Y109.57-137.50 at Y120.24. Last Y120.92.

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.