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Market News Topics
May 06, 2019 08:33 GMT
Tough Going Above 1.12 Having.....>
EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Tough Going Above 1.12
Having gapped lower at the open, EUR/USD improved to largely close the gap, but
improvement above $1.12 has proved difficult. A recovery above the handle would
open the 21-dma & broken trendline at $1.1228/50, with a break here needed to
challenge the 55-dma & 1.13 level. Bears now look to target Friday's low at
1.1135, before challenging the Apr 26 & May 30 2017 lows at 1.1112/10.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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