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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 AccessEUR/USD RSI Inches Toward Overbought
- Greenback weakness persists through the London close, with the latest leg higher in EUR/USD putting the pair clear of 1.0850 to touch the best levels since Sep 1st. The 50% retracement of the Jul 18 - Oct 3 bear leg is providing scant resistance at 1.0862, but clearance here would open 1.0882 for direction.
- The EUR/USD RSI is now narrowing in on 70 and levels that would class the pair as technically overbought - this would make for the first technically overbought reading since mid-July - a signal that was quickly followed by a >2% pull lower over the subsequent six or so sessions.
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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.