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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.
EURUSD TECHS
- RES 4: 1.0536 High Jun 29
- RES 3: 1.0488 High Jun 30
- RES 2: 1.0449 High Jul 5
- RES 1: 1.0352 Bull channel resistance drawn from the Feb 10 high
- PRICE: 1.0332 @ 13:41 BST Aug 10
- SUP 1: 1.0202 Intraday low
- SUP 2: 1.0097 Low Aug 27 and key short-term support
- SUP 3: 1.0064/0.9952 Low Jul 18 / 14 and the bear trigger
- SUP 4: 0.9944 1.618 projection of the Jun 9 - 15 - 27 price swing
EURUSD is trading higher following today’s US CPI release. The pair has traded above resistance at 1.0294, the Aug 2 high and is challenging the 50-day EMA, at 1.0331. The resumption of gains signals scope for an extension higher within the bull channel - the top is at 1.0352 and this level represents a key resistance - a break would strengthen bullish conditions. Weakness below 1.0097 instead expose parity and 0.9952, Jul 14 low.
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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