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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 ASIA OPEN: Focus on November Jobs Ahead Fed Blackout
MNI ASIA MARKETS ANALYSIS: Consolidation Ahead Nov Jobs Report
Bearish Theme Holds For Now.......>
EURO-DOLLAR TECHS: Bearish Theme Holds For Now
*RES 4: 1.1140 High Nov 5
*RES 3: 1.1093 High Nov 6
*RES 2: 1.1073 Former double top midpoint
*RES 1: 1.1043 Nov 11 high
*PRICE: 1.1025 05:33 GMT Nov 15
*SUP 1: 1.0989 Low Nov 14
*SUP 2: 1.0967 Double top projection
*SUP 3: 1.0950 76.4% of Oct 1 - Oct 21 climb
*SUP 4: 1.0904 Oct 2 low
EURUSD found some support yesterday at 1.0989 however despite this, the
near-term bearish outlook remains intact. This follows the extension lower this
week with the recent double top confirmation continuing to reflect bearish
sentiment. The double top has allowed a correction to unfold following the
reversal of the Oct 1- Oct 21 rally and projects weakness to 1.0967. Resistance
is seen at 1.1073, the double top midpoint.
To read the full story
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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.