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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
EURGBP TECHS: Approaching Resistance At The 50-Day EMA
- RES 4: 0.8568 High May 20
- RES 3: 0.8550 61.8% retracement of the Apr 23 - Jun 14 bear leg
- RES 2: 0.8546 1.0% 10-dma envelope
- RES 1: 0.8503 50-day EMA
- PRICE: 0.8484 @ 16:28 BST Jul 1
- SUP 1: 0.8431 Low Jun 25
- SUP 2: 0.8397 Low Jun 14 and the bear trigger
- SUP 3: 0.8388 Low Aug 17 2022
- SUP 4: 0.8366 2.236 proj of the Apr 23 - 30 - May 9 price swing
EURGBP has traded above last week’s high of 0.8478 (Jun 24). The climb signals scope for a stronger corrective cycle and the cross is approaching a firm resistance at 0.8503, the 50-day EMA. A clear break of this level would undermine the recent bearish theme. On the downside, initial firm support to watch lies at 0.8431, the Jun 25 low. A reversal lower and a break of this level would open 0.8397, the Jun 14 low and bear trigger.
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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.