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Free AccessAnother day, another high:......>
EURO-STERLING TECHS: Another day, another high:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307 High Aug 29 2017
*RES 2: 0.9279 Upper 2.0% 10-dma envelope
*RES 1: 0.9249 Intraday high
*PRICE: 0.9195 @ 08:39 GMT Aug 06
*SUP 1: 0.9089 Low Jul 31
*SUP 2: 0.9051 High Jul 17 and last Monday's bull trigger
*SUP 3: 0.8977 Low Jul 29
*SUP 4: 0.8946 Low Jul 26
The broader, technically bullish picture remains intact with EURGBP extending to
multi-month highs of 0.9249, leaving bulls' focus on the Aug 29 2017 high at
0.9307. However, this argument would weaken on a fall below 0.9051, the former
bull trigger. Brexit/political headlines remain the key driver ahead of the
October 31 Brexit deal deadline.
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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.