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Free AccessMNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
MNI BRIEF: China November PMI Rises Further Above 50
1.1193 key support: *RES 4:.......>
EURO-DOLLAR TECHS: 1.1193 key support:
*RES 4: 1.1315/44 200-dma / Low Jun 25
*RES 3: 1.1302 50% retracement of the Jun 25-Jul 9 sell-off
*RES 2: 1.1286/88 High Jul 11 and Jul 5 / Bull trigger
*RES 1: 1.1248/52 100-dma / cloud top
*PRICE: 1.1219 @ 08:28 GMT July 22
*SUP 1: 1.1200 Low Jul 17
*SUP 2: 1.1193 Low Jul 9 and key support
*SUP 3: 1.1181 Jun 18 low
*SUP 4: 1.1159 2% lower Bollinger band
EURUSD rejected a break of the 1.1288 bull trigger on Friday. The failure to
hold above the 100-dma remains a concern for bulls, placing immediate focus on
the key support at 1.1193. The engulfing candle pattern of Jul 10 remains valid
however as a bullish signal. Gains back above the 100-dma and more importantly
above resistance at 1.1286/88 is required to trigger a fresh wave of bullish
interest. Below 1.1193 opens 1.1181 and 1.1159 instead.
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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.