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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 AccessBullish Extension *RES 4:.......>
EURO-STERLING TECHS: Bullish Extension
*RES 4: 0.9086 High Sep 4
*RES 3: 0.9020 High Oct 10
*RES 2: 0.9000 Round number resistance
*RES 1: 0.8914 High Mar 12
*PRICE: 0.8875 @ 17:30 GMT Mar 12
*SUP 1: 0.8774 Low Mar 12
*SUP 2: 0.8681 Low Mar 10
*SUP 3: 0.8621 Low Mar 5 and key support
*SUP 4: 0.8595 Low Mar 2, also a key support
EURGBP registered a new high print at 0.8914 Thursday. Gains in early March
resulted in the break of 0.8596, Jan 14 high confirming an important swing in
price that signalled a potential M/T reversal. The cross last week held above
this breakout level, a positive development and the subsequent rally confirms a
bullish theme. Trend conditions are in overbought territory but this is not
proving to be a threat to bulls just yet. The focus is on the 0.9020 next.
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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.