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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6
MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday
MNI BRIEF: PBOC Increases Gold Reserves
Pullback Considered Corrective
- RES 4: 0.8658 High Sep 29 2021
- RES 3: 0.8643 High Sep 30 2021
- RES 2: 0.8619 High May 12 and bull trigger
- RES 1: 0.8590 High Jun 6
- PRICE: 0.8556 @ 15:48 BST Jun 8
- SUP 1: 0.8462/8433 50-day EMA / Low May 23
- SUP 2: 0.8393/ 0.8391 Low May 17 / 61.8% of Apr 14 - May 12 upleg
- SUP 3: 0.8367 Low May 2
- SUP 4: 0.8337 76.4% retracement of the Apr 14 - May 12 upleg
EURGBP returned higher Wednesday, proving pullbacks remain corrective for now. The recovery from the May 17 low of 0.8393 highlights a bullish theme and attention is on 0.8619, May 12 high and the next key hurdle for bulls. Clearance of this level would resume the uptrend that started Mar 7. Key short-term support is unchanged at 0.8393, May 17 low. A break would alter the picture.
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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.