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Free AccessBullish Outlook
- RES 4: 0.8627 High Jul 4
- RES 3: 0.8585 High Jul 21 and a key resistance
- RES 2: 0.8525 High Jul 25
- RES 1: 0.8512 High Aug 19 and key intraday hurdle
- PRICE: 0.8511 @ 06:19 BST Aug 29
- SUP 1: 0.8448/8408 20-day EMA / Low Aug 23
- SUP 2: 0.8388/40 Low Aug 17 / 2 and the bear trigger
- SUP 3: 0.8313 Low Apr 22
- SUP 4: 0.8277 2.0% 10-dma envelope and low Apr 14
EURGBP has started the week on a firmer note and is again above the 50-day EMA. The recent high print of 0.8512 (Aug 19), was seen as a bullish development and attention is on this resistance. A break would strengthen bullish conditions and resume the uptrend that started early August. This would open 0.8525 and potentially 0.8585 further out, the Jul 25 and 21 highs respectively. Initial key support to watch is at 0.8408, the Aug 24 low.
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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.