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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 AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Downside Persists With 0.8700 Cleared
- RES 4: 0.8840 High Feb 4
- RES 3: 0.8797 High Feb 9
- RES 2: 0.8739 Low Feb 5
- RES 1: 0.8700 Feb 18 high
- PRICE: 0.8638 @ 17:21 GMT Feb 23
- SUP 1: 0.8615 Low Feb 23
- SUP 2: 0.8610 1.0% 10-dma Envelope
- SUP 3: 0.8595 Low Mar 2, 2020
- SUP 4: 0.8570 76.4% Feb-Mar 2020 Rally
EURGBP outlook deteriorated further Tuesday, with the cross hitting new cycle lows of 0.8615. The cross now looks comfortable below the 0.8700 handle, which sets the scene for a move lower towards 0.8600 next and the 0.8570 Fibonacci retracement, 76.4% of the Feb - Mar 2020 rally. Last Thursday's key technical break has been the move below 0.8671, the Apr 30 2020 low. This reinforces current trend conditions. Initial resistance is at 0.8700, Feb 18 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.