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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
Eating into Friday's rally:.......>
EURO-DOLLAR TECHS: Eating into Friday's rally:
*RES 4: 1.1250 High Aug 06 and key resistance
*RES 3: 1.1202/09 50-dma and 100-dma
*RES 2: 1.1170/80 Trendline resistance drawn off the Jun 25 high / Pivotal level
*RES 1: 1.1164 High Aug 26
*PRICE: 1.1087 @ 03:44 GMT Aug 28
*SUP 1: 1.1052 Low Aug 23
*SUP 2: 1.1027 Low Aug 1 and key support
*SUP 3: 1.1000/0994 Psychological level / Channel base drawn off the Jan 10 high
*SUP 4: 1.0864 76.4% retracement of the Jan 2017 - Feb 2018 rally
EURUSD slipped further yesterday, chipping away at the Friday rally. The upside
argument is still intact, prices remain within the candle body (area between the
open and close) of Friday's session. Furthermore, support at 1.1052 remains
intact. The focus is on pivotal resistance at 1.1180. A break would reinforce a
bullish outlook and confirm a breach of trendline resistance drawn off the Jun
25 high, at 1.1170 today. Weakness below 1.1052 would instead open 1.1027.
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.