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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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Consolidating Close To Recent Highs
- RES 4: 0.8840 High Feb 4
- RES 3: 0.8791/8843 High Feb 12 / 2.0% 10-dma envelope
- RES 2: 0.8731 High Feb 26
- RES 1: 0.8721 High Apr 26
- PRICE: 0.8696 @ 06:20 BST Apr 29
- SUP 1: 0.8654 20-day EMA
- SUP 2: 0.8589 Low Apr 19
- SUP 3: 0.8472 Low Apr 5 and the bear trigger
- SUP 4: 0.8446/30 3.0% Lower Bollinger Band / Low Feb 27, 2020
EURGBP is consolidating and remains close to recent highs. The cross on Monday probed former resistance at 0.8719, Apr 16 high. Last week's strong gains signal scope for an extension higher and a clear break of 0.8719 would confirm a resumption of the uptrend that started Apr 4. This would open 0.8731, Feb 26 high and 0.8762, a retracement level. Key support to watch has been defined at 0.8589, Apr 19 low. A break would be bearish.
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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.