Free Trial

The pair opened in Asia at $1.1856......>

EURO-DOLLAR
EURO-DOLLAR: The pair opened in Asia at $1.1856 toward the middle of the $1.1794
to $1.1910 range witness yesterday, where US dollar weakness and demand in the
crosses, predominantly Euro-Swiss and Euro-yen, underpinned the single currency.
There is no significant data or scheduled events in Asia likely to impact
trading, local traders expect sideways consolidation ahead of the European open
and the release of European PMI's for July. Support is located at $1.1839 (61.8%
fib on yesterday's rise), while yesterday's $1.1910 top is resistance.
Euro-dollar was last at $1.1855

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.