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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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Free AccessMNI US MARKETS ANALYSIS - NFP Followed by Ample Fedspeak
MNI US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
Bearish Risk Remains Present
- RES 4: 0.8795 50-day EMA
- RES 3: 0.8797 High Feb 9
- RES 2: 0.8739 Low Feb 5
- RES 1: 0.8731 High Feb 26 and the short-term bull trigger
- PRICE: 0.8629 @ 17:20 GMT Mar 5
- SUP 1: 0.8596 Low Mar 4
- SUP 2: 0.8541 Low Feb 24 and the bear trigger
- SUP 3: 0.8528 3.0% Lower Bollinger Band
- SUP 4: 0.8475 2.0% 10-dma Envelope
EURGBP edged lower Thursday and remains below the Feb 26 high of 0.8731. Technical signals are in a bear mode and support at 0.8597, Feb 25 low has been tested. A breach of this level would open the bear trigger at 0.8541, Feb 24 low. A breach of the latter resumes the downtrend. On the upside, clearance of 0.8731 would signal a resumption of the recent corrective bounce and this would expose the 50-day EMA at 0.8795.
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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.