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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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CEEMEA FX Price Signal Summary - EURPLN Breaches Resistance
- EURHUF rallied last week and price is firmer once again today. Attention is on a key resistance at 398.85, the Jun 14 high. It has been pierced, a clear break would reinforce a bullish theme and signal scope for a climb towards 399.75, the Mar 12 high and a key medium-term resistance. Initial support lies at 392.85, the 50-day EMA.
- EURPLN is trading higher today and this has resulted in a break of initial resistance at 4.3044, the Jul 25 high. The break undermines a recent bearish theme and signals scope for a climb towards 4.3321, the Jul 2 high and the next important resistance. Clearance of this level would strengthen the developing bullish theme. On the downside key support is at 4.2671, the Jul 26 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.