Free Trial

Wave of Greenback Buying Puts EUR/USD Within Range Key Support

USD
  • Further wave of USD buying puts EUR/USD at fresh daily lows (not replicated in EUR/GBP, however), with the USD Index clearing to a new daily high. For the pair, key short-term support is at 1.0640, Monday’s low. A break of this level would signal a potential reversal and a continuation lower would open 1.0525, the bear trigger and the Mar 8 low.
  • USD and JPY solidly favoured in this risk-off environment with both currencies rallying against all others in G10.

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.