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Why MNI
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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 AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
Bull Trigger Remains Exposed
- RES 4: 1.0615 High Jun 27
- RES 3: 1.0559 1.764 proj of the Sep 28 - Oct 4 - 13 price swing
- RES 2: 1.0536 High Jun 29
- RES 1: 1.0479 High Nov 15 and the bull trigger
- PRICE: 1.0413 @ 06:00 GMT Nov 25
- SUP 1: 1.0297 Low Nov 23
- SUP 2: 1.0223/0198 Low NOv 21 / High Sep 12
- SUP 3: 1.0094 High Oct 27 and a key near-term resistance
- SUP 4: 1.0072 50-day EMA
EURUSD is holding on to this week’s gains and remains above 1.0223, the Nov 21 low. This week’s recovery signals the end of a correction between Nov 15 - 21 and attention is on key short-term resistance at 1.0479, the Nov 15 high and a bull trigger. A break of this level would confirm a resumption of the uptrend and open 1.0536, the Jun 29 high. On the downside, 1.0223 marks the key short-term support.
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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.