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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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Free AccessEyeing Support
- RES 4: 0.8721 High Apr 26
- RES 3: 0.8703 1.236 proj of the Aug 10 - Sep 7 - Sep 16 rally
- RES 2: 0.8670 High Jul 20 and key resistance
- RES 1: 0.8624/58 High Oct 1 / High Sep 29
- PRICE: 0.8560 @ 06:23 BST Oct 4
- SUP 1: 0.8544/26 Low Oct 01 / Low Sep 28
- SUP 2: 0.8501 Low Sep 16
- SUP 3: 0.8498/84 1.0% 10-dma envelope / Low Aug 16
- SUP 4: 0.8450 Low Aug 10
EURGBP remains volatile and on Friday the cross extended Thursday's sharp reversal lower, removing a recent bull theme. The move lower refocuses attention on support at 0.8526, Sep 28 low and 0.8501 Sep 16 low. A break of the latter support would strengthen a bearish case and set the scene for a deeper sell-off towards 0.8450, Oct 8 low. On the upside, the cross needs to breach 0.8658, Sep 29 high to resume its recent upleg.
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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.