MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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EURUSD TECHS: Soft Start Results in Crack of Support

EURUSD TECHS
  • RES 4: 1.1055 1.236 projection of the Apr 16 - Jun 4 - 26 price swing   
  • RES 3: 1.0981 High Mar 3 and a key resistance 
  • RES 2: 1.0964 High Mar 13
  • RES 1: 1.0948 High Jul 17
  • PRICE: 1.0853 @ 15:32 BST Jul 25
  • SUP 1: 1.0828 Low Jul 25
  • SUP 2: 1.0736 Low Jul 3
  • SUP 3: 1.0666 Low Jun 26 and the bear trigger
  • SUP 4: 1.0650 Low May 1

EUR/USD traded initially softer early Thursday, before recovering into the London close. Spot printed a new pullback low and broke below the 20-day EMA in the process, which cements the fade of the previously dominant bull cycle. As such, short-term resistance at 1.0964, the Mar 13 high, remains intact for now. The key upside level remains 1.0981, the Mar 8 high. On the downside, a break below the 1.08 handle opens 1.0736 for direction. 

USForeign Exchange Technical AnalysisCEEMEABulletGlobalForeign Exchange BulletsRegionNorth America

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