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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.
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Free AccessMNI UK Inflation Insight: October 2024
MNI UK Inflation Insight: October 2024
Bullish Price Structure In........>
EURO-DOLLAR TECHS: Bullish Price Structure In Place:
*RES 4: 1.1213 200-dma
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1139 100-dma
*RES 1: 1.1109 High Sep 13
*PRICE: 1.1076 04:11 GMT Oct 17
*SUP 1: 1.1023 Low Oct 16
*SUP 2: 1.0991 Low Oct 15
*SUP 3: 1.0962 Former channel top drawn off the Jun 25 high
*SUP 4: 1.0941 Low Oct 3 and Oct 8
EURUSD is bullish and moved higher yesterday, extending the current recovery and
establishing a clear bullish price sequence of higher highs and higher lows. A
bullish reversal was confirmed last week following the break above the former
channel top drawn off the Jun 25 high. Momentum studies are pointing north too,
reinforcing the positive theme. Key support has been defined at 1.0991, Oct 15
low. Expect further price appreciation near-term.
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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.