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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 BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
MNI BRIEF: China November PMI Rises Further Above 50
EURUSD TECHS: Bearish Price Sequence
- RES 4: 1.1007 High May 10
- RES 3: 1.0905 High May 16
- RES 2: 1.0818 50-day EMA values
- RES 1: 1.0772 20-day EMA
- PRICE: 1.0708 @ 05:41 BST Jun 8
- SUP 1: 1.0667/35 Low Jun 6 / Low May 31 and the bear trigger
- SUP 2: 1.0608 Low Mar 17
- SUP 3: 1.0551 Low Mar 16
- SUP 4: 1.0516 Low Mar 15 and a key support
EURUSD reversed an intraday spike on Wednesday, reinforcing the current bearish theme. A downward sequence of lower lows and lower highs remains intact, highlighting a bear trend and price remains below 20- and 50-day EMAs. The focus is on 1.0551, the Mar 16 low. A firm resistance is seen at 1.0772, the 20-day EMA. A break of this average would ease bearish pressure and signal scope for a stronger correction.
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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.