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Free AccessDoji Candle Highlights Reversal
- RES 4: 0.9292 High Sep 11 and the bull trigger
- RES 3: 0.9220 High Sep 22 and a key near-term resistance
- RES 2: 0.9181 High Sep 24
- RES 1: 0.9169 High Sep 25
- PRICE: 0.9139 @ 05:57 BST Sep 30
- SUP 1: 0.9062 Low Sep 29
- SUP 2: 0.9025 Low Sep 28 and the bear trigger
- SUP 3: 0.9000 Round number support
- SUP 4: 0.8967 76.4% retracement of the Sep 3 - 11 rally
EURGBP traded sharply lower Monday but has since recovered and the cross has defined a key S/T support at 0.9025, Monday's low. Yesterday's break of 0.9126 highlights a reversal pattern we alluded to yesterday. Monday's session was a doji candle highlighting a potential reversal of the sell-off between Sep 11 - 28. Further gains would open 0.9220, Sep 22 high. A break of support at 0.9025 is required to reinstate a bearish threat.
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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.