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MNI EXCLUSIVE

MNI Speaks With St. Louis Fed President Bullard

USDCAD TECHS

Heading South

EURGBP
MNI (London)
  • Having trade outside the base of its 1.0% 10-dma envelope Thursday and Friday last week the rate has edged back within into this week.
  • The base of the envelope currently comes in at Gbp0.8874, the current move could signal rate's recent corrective pullback as looking suspect bringing the 10-dma (current at Gbp0.8964) back into view.
  • Interim resistance seen at Gbp0.8917(Jan14 high) ahead of Gbp0.8937(Jan13 high). Support Gbp.8866/61.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com