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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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Free AccessClears Support
- RES 4: 1.0943 High Mar 21
- RES 3: 1.0921 76.4% retracement of the Mar 8 - Apr 2 bear leg
- RES 2: 1.0818/85 20-day EMA / High Apr 09
- RES 1: 1.0757 High Apr 11
- PRICE: 1.677 @ 08:31 BST Apr 12
- SUP 1: 1.0656 Low Nov 10 ‘23
- SUP 2: 1.0611 76.4% retracement of the Oct - Dec bull rally
- SUP 3: 1.0568 Low Nov 2 ‘23
- SUP 4: 1.0517 Low Nov 1 ‘23
EURUSD is trading lower today as the pair extends this week’s bear cycle. The break lower this week reinstates a short-term bearish threat and confirms the end of the recent recovery between Apr 2 - 9. Key support at 1.0695, the Feb 14 low and bear trigger, has been cleared. The breach strengthens a bearish theme and opens 1.0656, the Nov 10 ‘23 low. Initial key resistance has been defined at 1.0885, the Apr 9 high.
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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.