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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: 1.0268 High Aug 15
- RES 3: 1.0198 High Sep 12 and a key resistance
- RES 2: 1.0051 High Sep 20
- RES 1: 0.9999 High Oct 4 and a reversal trigger
- PRICE: 0.9951 @ 14:47 BST Oct 25
- SUP 1: 0.9817 20-day EMA
- SUP 2: 0.9705/9633 Low Oct 21 / 13
- SUP 3: 0.9536 Low Sep 28 and key support
- SUP 4: 0.9501 1.382 projection of the Aug 10 - Sep 6 - 12 price swing
EURUSD is trading higher and is extending the latest recovery, from 0.9705, the Oct 21 low. Today’s price action is potentially significant. The pair is trading above an important resistance level at 0.9874 - the top of the bear channel drawn from the Feb 10 high. A clear break of this level would highlight a channel breakout and a stronger bullish reversal. The focus is 0.9999, the Oct 4 high. Initial key support is at 0.9705.
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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