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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: PBOC Net Drains CNY216 Bln via OMO Monday
MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29
EURUSD TECHS: Bull Cycle Extends
- RES 4: 1.0943 High Jan 21
- RES 3: 1.0916 High Jun 04 and the bull trigger
- RES 2: 1.0852 High Jun 12
- RES 1: 1.0842 High Jul 05
- PRICE: 1.0824 @ 16:15 BST Jul 5
- SUP 1: 1.0755/0666 20-day EMA / Low Jun 26 and the bear trigger
- SUP 2: 1.0650 Low May 1
- SUP 3: 1.0601 Low Apr 16 and a key support
- SUP 4: 1.0568 Low Nov 2
A bullish theme in EURUSD remains in play. The pair is again trading higher as it extends this week’s recovery. The move above 1.0772, the 50-day EMA, undermines the recent bearish theme and instead signals scope for further gains with the focus on 1.0852 next, the Jun 12 high. For bears, a resumption of weakness would refocus attention on the bear trigger at 1.0666, the Jun 26 low. Initial support to watch lies at 1.0755, the 20-day EMA.
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.