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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 AccessBelow 55-DMA To Shift Focus.....>
EURO-STERLING TECHS: Below 55-DMA To Shift Focus Lower
*RES 4: Gbp0.9048 Low Aug 15 now resistance
*RES 3: Gbp0.9013 Monthly High Nov 15
*RES 2: Gbp0.8981 High Nov 28
*RES 1: Gbp0.8951 2018 High Mar 2
*PRICE: Gbp0.8917 @ 0530GMT
*SUP 1: Gbp0.8877 Hourly resistance Mar 2 now support
*SUP 2: Gbp0.8844 55-DMA
*SUP 3: Gbp0.8769 Low Feb 26
*SUP 4: Gbp0.8730 Low Feb 8
*COMMENTARY: Pressure on the key Gbp0.8928 resistance took its toll with the
close above shifting initial bullish focus to Gbp0.9013-48. Daily studies remain
well placed for gains. Layers of support have continued to follow the pair
higher. Bears still need a close below Gbp0.0.8877 to gain breathing room and
below the 55-DMA to shift focus back to Gbp0.8685-0.8769 where monthly and 2018
lows are noted.
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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.