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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 AccessBounce Off Support Extends
- RES 4: 1.1095 High Apr 26 and key resistance
- RES 3: 1.1054 High May 8
- RES 2: 1.0977/1012 High Jun 27 / 22 and the bull trigger
- RES 1: 1.0950 High Jul 7
- PRICE: 1.0947 @ 15:47 BST Jul 7
- SUP 1: 1.0824/04 50.0% of the May 31 - Jun 22 rally / Low Jun 15
- SUP 2: 1.0779 61.8% retracement of the May 31 - Jun 22 rally
- SUP 3: 1.0733 Low Jun 12
- SUP 4: 1.0724 76.4% retracement of the May 31 - Jun 22 rally
EURUSD extended a bounce off a Friday low after the softer-than-expected nonfarm payrolls release. The bounce affirms the view that the recent pullback is considered corrective. The recovery off support at 1.0835, the Jun 30 low, has now taken out 1.0934, the Jul 3 high. The break here marks a bullish development, opening 1.0977 initially, ahead of the bull trigger at 1.1012.
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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.