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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Bear Flag
- RES 4: 1.0936 High Apr 21 and a key resistance
- RES 3: 1.0852 High Apr 22
- RES 2: 1.0742/58 20-day EMA / Low Apr 14 - recent breakout level
- RES 1: 1.0655 High Apr 27
- PRICE: 1.0515 @ 05:23 BST May 3
- SUP 1: 1.0472/54 Low Apr 28 / Low Jan 1 2017
- SUP 2: 1.0390 Low Jan 4 2017
- SUP 3: 1.0341 Low Jan 3 2017 and a key support
- SUP 4: 1.0333 1.236 proj of the Feb 10 - Mar 7 - 31 price swing
EURUSD is consolidating and this pause in the trend has taken on the appearance of a bear flag - a bearish continuation pattern. The trend direction remains down and the move to fresh trend lows last week confirmed an extension of the bearish price sequence of lower lows and lower highs. Further weakness is likely and the focus is on 1.0454 next, the Feb 22 2017 low. Initial firm resistance is seen at 1.0758
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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.