Free Trial

Topside Capped Ahead of.........>

EURO-STERLING TECHS: Topside Capped Ahead of 200-DMA
EURGBP squeezed to 0.8836, but failed to take out the 200-dma. The level also
coincides with neckline support and is seen a key area of resistance. Downside
momentum has since returned with focus on the 0.8750 level. Below here the
broader bearish trend continues with the Oct 10 low of 0.8723 the next downside
target ahead of a potential run at the May 30 lows at 0.8699. Bulls need to
recover the 200-dma and build on momentum to shift the outlook more positive.

To read the full story



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.