Free Trial

Triple Bottom Formed EURUSD has...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Triple Bottom Formed
EURUSD has formed a triple bottom pattern with the recovery extending to the
1.1340/45 area. Bulls need to clear down trendline resistance at 1.1401 to
regain control, a key level that was breached yesterday but failed to close
above. A downside break of 1.1315/20 opens the potential of a deeper correction
towards the Nov 28 low at 1.1267, ahead of the Nov 12 ytd low at 1.1216.

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.