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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 AccessFinding Support On Dips *RES....>
EURO-STERLING TECHS: Finding Support On Dips
*RES 4: Gbp0.9025 High Nov 9
*RES 3: Gbp0.8994 2017 High July 21
*RES 2: Gbp0.8975 High July 31
*RES 1: Gbp0.8956 Hourly resistance Aug 1
*PRICE: Gbp0.8947 @ 0430GMT
*SUP 1: Gbp0.8922 Low Aug 1
*SUP 2: Gbp0.8890 Low July 27
*SUP 3: Gbp0.8886 21-DMA
*SUP 4: Gbp0.8867 Alternating hourly support/resistance
*COMMENTARY: Bears failed to capitalise on the break of Gbp0.8928 with support
emerging and pressure now back on the Gbp0.8956 resistance. Bulls continue to
look for a close above 2017 highs to reconfirm the bullish bias and initially
focus on Gbp0.9025-68. Bears now need a close below Gbp0.8922 to shift focus
back to layers of support Gbp0.8798-0.8890 where the bull channel base, 21 &
55-DMAs are located.
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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.