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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Clears Support
- RES 4: 1.2034 50-day EMA
- RES 3: 1.2006 High Jun 29 / Jun 17
- RES 2: 1.1930/1975 High Jun 29 / High Jun 25
- RES 1: 1.1909 High Jun 30
- PRICE: 1.1824 @ 11:10 BST Jul 2
- SUP 1: 1.1795 Low Apr 6
- SUP 2: 1.1738 Low Apr 5
- SUP 3: 1.1704 Low Mar 31 and a key support
- SUP 4: 1.1603 Low Nov 4, 2020
EURUSD continues to trade lower. The pair has cleared 1.1848, the Jun 18, 21 lows and 1.1837, 76.4% of the Mar 31 - May 25 rally. The clearance of these support levels reinforces the current bearish theme and signals scope for weakness towards 1.1795 next, Apr 6 low en-route to the key support at 1.1704, Mar 31 low. On the upside, key short-term resistance has been defined at 1.1975, Jun 25 high. Initial resistance is at 1.1909, Jun 30 high.
To read the full story
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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.